fail to deliver

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Fail to Deliver

A situation in which a buyer, or, more commonly, his/her broker does not receive delivery of the securities he/she bought by the settlement date. A fail to deliver occurs because of the negligence or deliberate withholding on the part of the seller. If a buyer does not receive the securities, he/she is not obligated to make payment until delivery is made. See also: Aged fail.

fail to deliver

Used to refer to the nondelivery of securities from a selling broker to a buying broker by the settlement date.
References in periodicals archive ?
He urged all eligible Nigerians to get their Permanent Voters' Cards (PVC) and vote out those who had failed to deliver good governance to the people.
The Federal Emergency Management Agency (FEMA) reportedly hired a small-time contractor who failed to deliver meals to hurricane-ravaged Puerto Rico.
He has even admitted to having failed to deliver his duties as the chairman of the upper house.
However, it has failed to deliver even a single project during last 16 years.
Diwakar Reddy announced his resignation from the Parliament on Thursday, having failed to deliver on his promises.
TIMERGARA -- The federal minister and former chief minister Khyber Pakhtunkhwa Akram Khan Durrani on Saturday said the Pakistan Tehrek Insaf government had failed to deliver.
LLC was censured by FINRA and fined $450,000 after the agency found the firm had failed to deliver ETF prospectuses to its own customers at the time of delivery of the securities.
The owner of the agency is accused of collecting money from 15 customers in advance for vacation packages which he failed to deliver.
ISLAMABAD -- Awami National Party (ANP) Senator Zahid Khan alleged that Pakistan Tehreek-i-Insaaf (PTI) government in Khyber Pakhtunkhwa had failed to deliver.
There are, in addition, huge inefficiencies from the complex, fragmented system that has failed to deliver improvements in service, failed to lever in significant private sector investment in infrastructure and clearly failed to deliver value for money for passengers.
This contract promised to save this city over PS100 million but has failed to deliver anywhere near that sum of money.
TAXPAYERS will have to stump up an extra pounds 350mil -lion to the European Union next year, after David Cameron failed to deliver his pledge to keep costs down.