Foul Bill of Lading

Definition:

A bill of lading that contains a notation indicating damage or shortage. Also called claused and is the opposite of clean bill of lading.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Fail

A deal is said to fail if on the settlement date either the seller does not deliver securities in proper form or the buyer does not to deliver funds in proper form.

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