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TeachMeFinance.com Aged Fail -- Agreement between two broker-dealers that remains in a state of no resolution even 30 days beyond the agreed date of settlement. In such an event, the firm to which payment is due must not treat the open balance any more as an asset and must carry out due adjustment of its capital. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.