fail to deliver

Fail to Deliver

A situation in which a buyer, or, more commonly, his/her broker does not receive delivery of the securities he/she bought by the settlement date. A fail to deliver occurs because of the negligence or deliberate withholding on the part of the seller. If a buyer does not receive the securities, he/she is not obligated to make payment until delivery is made. See also: Aged fail.

fail to deliver

Used to refer to the nondelivery of securities from a selling broker to a buying broker by the settlement date.

单词	fail to deliver
释义	fail to deliver Fail to Deliver A situation in which a buyer, or, more commonly, his/her broker does not receive delivery of the securities he/she bought by the settlement date. A fail to deliver occurs because of the negligence or deliberate withholding on the part of the seller. If a buyer does not receive the securities, he/she is not obligated to make payment until delivery is made. See also: Aged fail. fail to deliver Used to refer to the nondelivery of securities from a selling broker to a buying broker by the settlement date.
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