Business, Legal & Accounting Glossary
Securities transactions that have failed to be completed within a 30-day period. This usually happens in a situation between two parties, when one party fails to deliver cash or the securities within the specified time-frame. The party that fails to make the delivery in a timely fashion is subject to penalties from the Securities Exchange Commission.
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This glossary post was last updated: 20th November, 2021 | 0 Views.