Business, Legal & Accounting Glossary
A securities-related term referring to a situation in which an investor must repurchase shares of stock because the seller either failed to deliver the shares or did not deliver them in a timely fashion. The buyer notifies exchange officials, who in turn notify the seller of the delivery failure. The exchange assists the buyer in purchasing the stock again, with the original seller having to make up the price difference if the new shares are more expensive than originally agreed to.
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This glossary post was last updated: 20th November, 2021 | 0 Views.