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 ?
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.
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.
Mr Keith David Fearn trading as The Monaco Hotel, Merton BS23, failed to pay [pounds sterling]607.76 to 1 worker.
Nelson Recruitment Services Ltd, Birmingham B44, failed to pay [pounds sterling]601.77 to 64 workers.
It is true to mention that everyone has failed in his life.
If someone follows the words of the thinkers he or she gets failed hundred times but he/she will not be disappointed.
In making the decision, the delegate relied upon reports that were lodged by the liquidators of the failed companies.
Wagamama Limited, Westminster W1F, failed to pay [pounds sterling]133,212.42 to 2,630 workers.
Marriott Hotels Limited, Luton LU1, failed to pay [pounds sterling]71,722.93 to 279 workers.