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fail on |
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fail someone on something to give someone an unsatisfactory grade on an assignment or test. She failed us all on the math assignment. The teacher failed half the class on the assignment. See also: fail How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Thus, a broker-dealer can close out a fail on a short sale and receive Pre-Fail Credit by purchasing securities on T, T+1, T+2, or T+3. |
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