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Fail to Receive

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fail to receive
Used to refer to the failure of a buying broker to receive delivery of securities by the settlement date. As a result, the buying broker does not have to make payment until the securities have been delivered.
Fail to Receive
A situation in which a buyer or, more commonly, his/her broker does not receive delivery of the securities he/she bought. A fail to receive occurs because of negligence or deliberate withholding on the part of the seller. If a buyer fails to receive the securities, he/she is not obligated to make payment until delivery is made.


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