failure to settle

Definitions

The inability or refusal of a party to complete a financial transaction or fulfill a contractual obligation by the agreed-upon deadline.

A default in the clearing or settlement process of securities or commodities trading where the delivery of assets or payment is not executed.

Examples

The company faced legal action due to its failure to settle the outstanding debt by the agreed deadline.

A failure to settle the dispute through mediation will likely result in the case proceeding to a formal trial.

Synonyms

nonpayment default delinquency outstanding balance unpaid debt breach of contract

Antonyms

full payment settlement clearance liquidation repayment fulfillment