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fail on

    0.01 sec.
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


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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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