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 classic literature ?
asked the youth, a little vexed at thinking that an accomplishment on which he prided himself would fail to make its usual impression.
Any man who fails to obey his new General will be promptly thrown away.
Neither relations nor friends shall prevail on me to falter and fail in my husband's cause.
It ought never to be forgotten, that a firm union of this country, under an efficient government, will probably be an increasing object of jealousy to more than one nation of Europe; and that enterprises to subvert it will sometimes originate in the intrigues of foreign powers, and will seldom fail to be patronized and abetted by some of them.
But granted a prince who has established himself as above, who can command, and is a man of courage, undismayed in adversity, who does not fail in other qualifications, and who, by his resolution and energy, keeps the whole people encouraged--such a one will never find himself deceived in them, and it will be shown that he has laid his foundations well.
Your men of energy are the very fellows TO fail," he said; "however, they shall find if I have had extraordinary energy in running into debt, that I have extraordinary energy, too, in getting out of it.
These fancies, and such as these, have always given to my meditations among the mountains and the forests, by the rivers and the ocean, a tinge of what the everyday world would not fail to term fantastic.
This may be bad morality to conclude with, but I believe it to be truth; and if such parties succeed, how should a Captain Wentworth and an Anne Elliot, with the advantage of maturity of mind, consciousness of right, and one independent fortune between them, fail of bearing down every opposition?
I might have known I would fail in anything I tried to do.
After all, he was a little earth-maggot, just like all the other earth-maggots, like the squirrel he had eaten, like the other men he had seen fail and die, like Joe Hines and Henry Finn, who had already failed and were surely dead, like Elijah lying there uncaring, with his skinned face, in the bottom of the boat.
And you are so dreadfully general that I fail to follow you.
Lynde would say, the sun will go on rising and setting whether I fail in geometry or not.