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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Fail

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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.
"Your men of energy are the very fellows TO fail," he said; "however, they shall find if I have had extraordinary energy in running into debt, that I have extraordinary energy, too, in getting out of it.
"If I fail?" He regarded her for a moment as though the thought she had uttered was unthinkable.
She knew that all Avonlea junior was wondering which would come out first; she even knew that Jimmy Glover and Ned Wright had a bet on the question and that Josie Pye had said there was no doubt in the world that Gilbert would be first; and she felt that her humiliation would be unbearable if she failed.
Her appetite failed and her interest in Avonlea doings languished.
If he had been twenty years younger, those remedies might have failed him.
The bare hint that the "pious fraud" might fail after all, if anything happened in the ten days' interval to enlighten Mrs.
Ojo did not reply, but he was so dejected that even their arrival at the Emerald City failed to interest him.
Glinda also knew that Ojo would fail to find all the things he sought, so she sent for our Wizard and instructed him what to do.
Daylight failed to hoist him, for the body collapsed at the middle like a part-empty sack of corn.
Keenly as she felt this, Mercy failed, nevertheless, to conquer the horror that shook her when she thought of the impending avowal.
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.