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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 ?
James John Naughton, aged 25, of Thomas Sharp Street, Canley, Coventry, driving with an incorrect licence, using a vehicle without insurance, using a vehicle without a test certificate and failing to produce a test certificate, fined pounds 500.
Jose Fereirra, aged 27, of Gleneagles Road, Walsgrave, Coventry, driving with an incorrect licence, failing to produce a licence, using a vehicle without insurance, failing to produce a certificate of insurance, using a vehicle without a test certificate and failing to produce a test certificate, fined pounds 350.
William Patrick Flaherty, aged 19, of Cheveral Avenue, Radford, Coventry, using a vehicle without a test certificate, failing to produce a test certificate and driving a vehicle whereby the registration mark was displayed inside the windscreen obscured by the wiper blade, fined pounds 150.
Adam John Howard, aged 24, of Brookside Avenue, Whoberley, Coventry, driving with an incorrect licence, failing to produce a licence, using a vehicle without insurance, failing to produce a certificate of insurance, using a vehicle without a test certificate and failing to produce a test certificate, fined pounds 290 and banned from driving for 18 months.
James George Clarke, aged 23, of Glaisdale Avenue, Holbrooks, Coventry, one charge of driving with an incorrect licence, one charge of failing to produce a licence, one charge of using a vehicle without insurance, two charges of failing to produce a certificate of insurance, one charge of using a vehicle without a test certificate and one charge of failing to produce a test certificate, fined pounds 400.
Andre Rooney, aged 36, of Purcell Road, Courthouse Green, Coventry, failing to produce a licence, using a vehicle without insurance, failing to produce a certificate of insurance, using a vehicle without a test certificate and failing to produce a certificate, fined pounds 250 and banned from driving for six months under the totting up provisions.
Shane Stojsavlgevic, aged 21, of Hermes Crecent, Wyken, Coventry, driving with an incorrect licence, using a vehicle without insurance, failing to produce a certificate of insurance, using a vehicle without a test certificate and failing to produce a test certificate, fined pounds 505.
Saleh Ali Abubaker, aged 29, of Chepstow Close, Willenhall, Coventry, driving with an incorrect licence, failing to produce a licence, using a vehicle without insurance, failing to produce a certificate of insurance, using a vehicle without a test certificate and failing to produce a test certificate, fined pounds 320.
November 29, 2004: Five offences of failing to ensure a child attends school.
Donald Burn, aged 72, of Sutton Avenue, Eastern Green, Coventry, being the owner of a vehicle the driver which was alleged to have been guilty of an offence and failing to identify the driver, exceeding the speed limit, fined pounds 100.
Take, for example, the list of countries identified as failed or failing by Foreign Policy magazine and the Fund for Peace in 2005.
the rigorous financial reporting requirements of the Sarbanes-Oxley Act--and the rising risks of failing to address those demands effectively.