Aged Fail

Aged Fail - Aged fail is a security transaction that has failed to be completed over the required thirty-day period. This happens, generally, when one of the involved parties fails to deliver the cash, or the securities, within a specific time period, generally the thirty days mentioned previous, although the period is adjustable, depending on the agreement between the two parties. The party failing to deliver on their promise, within the period specified, is subject to penalties enforced by the Security Exchange Commission, and loses credibility when wishing to complete other transactions, so timeliness in this situation is paramount.