• Is an indication report that the order, as given or when given, was unable to be executed. This can happen on a limit order where the market continues to trade at the limit price but there were other orders ahead of it on a time basis.

 Embedded terms in definition
Limit order
Limit price
 Referenced Terms
 All or none underwriting: An arrangement whereby a security issue is canceled if the underwriter is Unable to re-sell the entire issue.

 Bankruptcy: Business failure that occurs when a firm's liabilities exceed the fair market value of its assets.State of being Unable to pay debts. Thus, the ownership of the firm's assets is transferred from the stockholders to the bondholders.

 Bankruptcy risk: The risk that a firm will be Unable to meet its debt obligations. Also referred to as default or insolvency risk.

 Business risk: The risk to the firm of being Unable to cover operating costs.The risk that the cash flow of an issuer will be impaired because of adverse economic conditions, making it difficult for the issuer to meet its operating expenses.

 Commercial risk: The risk that a foreign debtor will be Unable to pay its debts because of business events, such as bankruptcy.

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