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 ?
Without fail, every month (and despite some hopefully infrequent editorial meddling) Herb has contributed to the amusement of JCT readers.
The supplier must convince the OEM prior to production that its processes can deliver that characteristic without fail. Only after receiving OEM approval can the supplier proceed to the next step.
"To realize the customer benefits of ZLE and gain competitive advantage, data must be made instantly available anywhere on the network without fail regardless of its current or future size.
Can the sleek new machine replace the human heart, a powerhouse, fist-size muscle that beats nearly 100,000 times a day without fail? "We know it can," says heart surgeon O.H.
An adventuresome few of the faculty members with whom I work have been actively engaged in service-learning projects for two or more years and each of them, without fail, asserts that there can be no going back.
Most golfers, without fail, can recall the days when they were first learning the game.
Certainty implies that one believes without doubt, without fail.
Only 17 percent of all participants reporting multiple sex partners said they used condoms without fail in the past year.
"We have mass once a week and everyone was required to attend without fail. I was a few minutes late on one day and my teacher punished me by asking me to sing the Psalm during the service," Tallie told Word Is.
2 The Firm Should Clearly Furnish Make/Model To Be Supplied In Their Offer Without Fail. 3 Firm Should Indicate/Furnish Percentage Of Taxes Whether It Is Inclusive Or Exclusive In Their Offer Without Fail.
He said that monthly review meeting will be held on Monday of first week of every month without fail and its minutes will be computerized.