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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Aged fail  

Definition 1.

An account between two broker/dealers that remains intact after 30 days after the settlement date. The receiving firm must adjust its capital as it can no longer treat this account as an assets.
 

Definition 2.

A fail that has occurred between two or more parties to a securities transactions and has lasted for over 30 days.
 
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