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 periodicals archive ?
HOPES of keeping the UK's last chromium plant open fail and the Teesside site's 138 staff were yesterday told they would lose their jobs.
TORRENTIAL rain on the eve of the Open failed to dampen the spirits at Royal Portrush yesterday.
"Players who can carve sides open failed to deliver.
"The massive plus was to come out with a clean sheet, but the players who can carve sides open failed to deliver."
w In January 2014 a four-year battle to keep it open failed because of poor business plan.
A press report from Tehran noted that minority of exchange houses that did open failed to display prices or carry out transactions.
Unfortunately, due to decaying joint materials, this ground water inevitably "infiltrates" into the collection system through open failed joints.
THE largest town in Wales is to lose its magistrates' court after an 11th-hour legal bid to keep it open failed.
New York, February 4 (ANI): Timbaland was left facing disappointment after his efforts to get a closed store to open failed in Las Vegas.
There was a setback for favourite backers when Calzaghe Frisby's bid for a nine-timer in the 500m open failed with the 4-6 favourite making his own trouble by moving off from trap one in a contest which ultimately produced a thrilling short-head victory for Lister's Farloe Premier over Saving Time in 30.39sec.