failure - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “failure”

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failure

noun
 
 
/ˈfeɪljər/
[C or U] a situation in which a company has been unsuccessful and has to stop operating: The number and seriousness of the bank failures took economists by surprise. We're finally seeing a slowdown in the rate of business failures. →  See also audit failure , market failure
[U] lack of success in trying to do something: If you're too scared of failure, you'll never try to achieve anything.
[U] a situation in which a machine or system stops working: The cause of the crash is now thought to be engine failure.
[C] someone or something that is not successful: He always thought of himself as a failure.
failure to do sth a situation in which someone does not do something they should do or are expected to do: The banks' failure to regulate more reckless lending led directly to the financial crisis.
(Definition of failure from the Cambridge Business English Dictionary © Cambridge University Press)
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