failurefail·ure /ˈfeɪljə-ər/ noun1[countableC, uncountableU]COMMERCE a situation in which a business that is not successful has to close because it is losing moneyThe Official Receiver recommended a detailed investigation intothe reasons for the company’s failure.
Business failures rose by 31% to 62,767, according to Dun & Bradstreet.
2[uncountableU] lack of success in achieving or doing somethingfailure to do somethingthe failure of some large firms to adhere to a strict policy on wages
→ audit failure → market failure3[countableC, uncountableU] a situation in which equipment or a machine stops workingpotential financial loss as a result of computer failure