Fail


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Fail

A deal is said to fail if on the settlement date either the seller does not deliver securities in proper form or the buyer does not to deliver funds in proper form.

Fail

fail

Of or relating to a trade in which the seller does not deliver securities or the buyer does not deliver funds in the prescribed manner at the prescribed time, usually on the settlement date. Compare clear.
References in periodicals archive ?
A profit-sharing plan or stock bonus plan will not fail to be qualified under Sec.
The Order to Show Cause, which was served upon Respondent by Federal Express and first class mail, also provides that if Respondent fails to submit an answer and to show good cause by the June 20 deadline, "the relief requested in the Notice will be recommended.
When students fail math and we still allow it to count as a prerequisite, we compromise the degree of all those students who hired tutors, took time off work, lost sleep and still struggled, but passed.
They are forced to make a trade-off between cost, storage capacity and reliability in the certain knowledge that, at some point, one or more drives will fail.
Indeed, one can envision improved circumstances in which even a very large bank could fail and not pose an inordinate risk to the economy.
In addition, the penalty will not be imposed if the disclosure statement is attached to a return filed after the due date, unless taxpayers fail to provide a copy of the disclosure statement to the OTSA, if applicable.
The expected number of failures is higher because a unit might fail more than once.
He informed me that, since our school offered "ability grouping," there was no reason for any student to fail.
Since ruining the Sotos' chances of ever adopting the boy would solve their problem, case workers decided the Sotos would simply fail the Home Study, which determines whether prospective parents are qualified.