A tolerance-compensating fastening arrangement for fastening a component to a structure includes a male fastener having a fastening bolt having a serrated outer profile; and a female fastener having a socket base arranged therewithin movable along a horizontal plane and having a conical funnel to receive the bolt such that horizontal tolerances between the male and female fasteners are compensable by movement of the socket base actuated through contact of the bolt with an inner surface of the funnel; and a socket jaw arranged on the socket base and having several jaw segments arranged circumferentially around a vertical axis to form a central jaw opening configured to receive the bolt through the funnel, the jaw segments configured movable radially with respect to the vertical axis to adjust a size of the jaw opening to retain the bolt along the vertical axis via contact of the serrated inner and outer profiles.