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 ?
Mr Thiyagarajah Pirabaharan and Ms Dhayalini Ariyaratnam trading as Attenborough Service Station, Broxtowe NG9, failed to pay [pounds sterling]278.
Greenwood Fryery Limited, Warrington WA1, failed to pay [pounds sterling]276.
Torquay United Association Football Club Limited (The), Torbay TQ1, failed to pay [pounds sterling]276.
R&J (Builders Hardware) Limited, Blackburn with Darwen BB1, failed to pay [pounds sterling]274.
Guy Elliott Publishing Limited, Wiltshire SP7, failed to pay [pounds sterling]267.
Mr Patrick Courtney and Mrs Patricia Courtney trading as Courtneys Sandwich Bar, Newry, Mourne and Down BT34, failed to pay [pounds sterling]267.
Bridge End House Nursery Limited, Calderdale HD6, failed to pay [pounds sterling]41,938.
Globebrow Limited, trading as Manor Adventure, Shropshire SY7, failed to pay [pounds sterling]33,889.
Moy Park Limited, Armagh City, Banbridge and Craigavon BT63, failed to pay [pounds sterling]33,547.
Daniele Petteno Ltd, trading as Daniele Petteno Architecture Workshop, Wandsworth SW15, failed to pay [pounds sterling]28,410.
Beautiful Spots Limited, trading as Benito Brow Bar, Islington B2, failed to pay [pounds sterling]27,184.
Threshold Housing Project Limited, trading as Threshold, Tameside OL6, failed to pay [pounds sterling]26,033.