fail

fail, n. A transaction between securities brokers in which delivery and payment do not occur at the prescribed time, usu. on the settlement date.

— Also termed fail contract.

fail to deliver. The nondelivery of securities from a selling broker to a buying broker by the settlement date.

fail to receive. The failure of a buying broker to receive delivery of securities from the selling broker by the settlement date.

fail, vb.

1. To be deficient or unsuccessful; to fall short (they failed to settle the dispute).

2. To become insolvent or bankrupt (two banks failed last week).

3. To lapse (the bequest failed as a result of ademption).

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词条贡献者

译者成昱，毕业于世界顶级翻译学院，擅长翻译各种与集体诉讼相关的法律文件。