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 ?
"Well, then, I wouldn't say a word about it--declare nothing, and let 'em find out that you have failed, in the best manner they can.
Long and careful consideration of the question led the housekeeper at last to the bold resolution of obtaining an interview -- if the servant failed her -with Mrs.
"You shan't complain of me, if I can help it." She attempted confusedly to take her handkerchief from her apron pocket, and failed to find it.
If he had been twenty years younger, those remedies might have failed him.
The rest and relief of her four days' absence from Aldborough had not failed to produce their results; she had more than recovered her composure.
The rifle had fallen across his knees, and an attempt to lift it to his shoulder failed. He knew he must be quick, and felt that he was fainting, so he pulled the trigger of the gun where it lay.
Her speech failed her; her heart throbbed faster and faster.
The courage to put the critical question to him, now that she had lured him into remaining in the room, was still a courage that failed her.
I failed to find Lord Hilton at his house, but I was told he was expected from London by the six o'clock train from Waterloo; and as it was then about a quarter past five, I went home, had some tea, and walked up to the station to waylay him.