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 ?
It was a breach of fiduciary duty, conflict of interest, unsafe and unsound practice, and violation of law, for Respondent to: fail to remove himself from approving the Raintree loan made to a family member; administer the loan while acting as trustee for its collateral; and fail to disclose his interest in the insider loan to the Bank and to OCC examiners.
Waiting for a hard drive to fail and then beginning the RAID engine intensive task of rebuilding a drive using XOR is no longer an option for today's organizations.
Data is nonvolatile so data won't be lost if the capacitor fails.
Some liberal defenders of the education establishment never liked the accountability movement and are rooting for NCLB to fail.
Fails to disclose the effects of material market or economic conditions on the results portrayed.
Under a policy unanimously approved Wednesday by the Antelope Valley Union High School District board, freshmen and sophomores who fall behind in credits will be placed on academic probation and required to retake classes they fail, and lagging juniors and seniors will face placement in a continuation school.
In DTCC's most recent annual report indicated that as of December 31, 2005, NSCC had fails outstanding worth approximately $6 billion.
6707A penalty will not be imposed until a taxpayer fails to provide (1) the required disclosure statement with an original or amended return or (2) a copy to the OTSA (if applicable), even if the return is filed after the due date.
Unfortunately, if another disk drive fails while the hot spare is rebuilding, the data will be lost.
For example, a ninth-grader who fails a semester of English 9, Healthful Living or science - all required for graduation - would not be promoted to the 10th grade until those failures have been made up.
One aspect of the potential problem is clear: When a bank fails, the ability of its depositors to make payments from their accounts would be severely limited were it not for government intervention designed to maintain the liquidity of insured, and sometimes uninsured, balances.
Moreover, forcing close-outs of all fails can increase risk in clearing and settlement as well as potentially interfering with the trading and pricing of securities.