Business, Legal & Accounting Glossary
A seller’s failure to deliver securities to a buyer in the contracted amount of time. Payment is contingent on the delivery of the securities to the buyer, so a seller runs the risk of losing revenue if he or she does not deliver the securities in the designated time frame. A fail to deliver can lead a broker dealer to experience a fail position.
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This glossary post was last updated: 20th November, 2021 | 0 Views.