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 classic literature ?
See the cunning brackets to hold candles, and the nice green sild, puckered up, with a gold rose in the middle, and the pretty rack and stool, all complete," added Meg, opening the instrument and displaying its beauties.
By the door stood a huge table that had once been a part of the furniture of Herrick's Clothing Store and that had been used for displaying custom-made clothes.
The Indian youths instantly comprehended his meaning--for this time he spoke in the Delaware tongue--and tearing the gourd from the tree, they held it on high with an exulting shout, displaying a hole in its bottom, which had been but by the bullet, after passing through the usual orifice in the center of its upper side.
guilty as they may be, retaining, nevertheless, a zeal for God's glory and man's welfare, they shrink from displaying themselves black and filthy in the view of men; because, thenceforward, no good can be achieved by them; no evil of the past be redeemed by better service.
You have manufacturers contriving tens of thousands of catchpenny devices, storekeepers displaying them, and newspapers and magazines filled up with advertisements of them
A table, somewhat rheumatic in its limbs, was drawn out in front of the fire, and covered with a cloth, displaying cups and saucers of a decidedly brilliant pattern, with other symptoms of an approaching meal.
They went in; and while the sleek, welltied parcels of "Men's Beavers" and "York Tan" were bringing down and displaying on the counter, he said"But I beg your pardon, Miss Woodhouse, you were speaking to me, you were saying something at the very moment of this burst of my amor patriae.
she demanded, pulling off her gloves, and displaying fingers wonderfully whitened with doing nothing and staying indoors.
From the circumstance of the latter article having been much polished, and displaying prismatic colours on the inside, I conclude that Mr.
Wopsle with red worsted legs under a highly magnified phosphoric countenance and a shock of red curtain-fringe for his hair, engaged in the manufacture of thunderbolts in a mine, and displaying great cowardice when his gigantic master came home (very hoarse) to dinner.
I am sorry to have to trouble you at a time when you must be so very busy, renewing important engagements, signing fresh ones and generally displaying your excellent taste.
The spirit of enterprise, which characterizes the commercial part of America, has left no occasion of displaying itself unimproved.