| Buy-In |
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When
an investor is forced to repurchase shares because the seller did
not deliver the securities at all, or not in a timely fashion.
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Those
who fail to deliver the securities will be notified with a "buy-in
notice". Failure to answer the buy-in notice means the broker
can buy the securities and deliver them on your behalf and you must
then pay back the broker at whatever price. |
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Dictionary
