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).


专业法律词汇 词条贡献者
资深译员Tommy,毕业于亚洲顶尖的高级翻译学院,擅长翻译有关基础设施/交通运输领域的法律文件。
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