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 ?
Without Fail is certainly in the same league and Lee Child has just been promoted to the premiership of thriller writers.
Some people don't bother too much about league games but turn up without fail at Scottish Cup ties.
Quarterback Mychal Bogan ran the option without fail and also completed 7 of 12 attempts for 99 yards, one touchdown and no interceptions.
Etc And Photocopy Of A Blank Cheque To Be Furnished In Details Without Fail For Eft Payment.
And Derek Fisher finds a way to fight through the fatigue that is a given when you're guarding Iverson and makes the perimeter shots that were falling without fail for him in the Western Conference finals against San Antonio.
Add to all of this the issue of who will maintain this system for the next 80 years without fail - an extraordinary effort that must produce a level of safety equal to residential housing.
Every single year at this time, without fail, we have a severe blood shortage,'' said Ellen Gaines, blood services coordinator at Antelope Valley Hospital.
The amount of time saved and the ability to produce accurate, meaningful information without fail has been an integral part of my success as an attorney and to my firm's overall success.
There will be an index by June of 2000 - without fail,'' Hart said in an interview.
Plus, the training is with the best teacher in the world available to your people on his best day, 24 hours a day, 7 days a week, without fail, no exceptions
THOUSAND OAKS - Each weekend morning without fail, Bill Lindemann asks his wife, Sue, if he can go to the Fitzgerald Center for the day.