Failure

From Anglo-Norman failer, from Old French faillir ("to fail").

Full definition of failure

(plural failures)

State or condition of not meeting a desirable or intended objective, opposite of success.

2012, May 5, Phil McNulty, Chelsea 2-1 Liverpool, For Liverpool, their season will now be regarded as a relative disappointment after failure to add the FA Cup to the Carling Cup and not mounting a challenge to reach the Champions League places.
2012, April 23, Angelique Chrisafis, FranÃ§ois Hollande on top but far right scores record result in French election, Sarkozy's total will be seen as a personal failure. It is the first time an outgoing president has failed to win a first-round vote in the past 50 years and makes it harder for Sarkozy to regain momentum.

An object, person or endeavour in a state of failure or incapable of success.
Termination of the ability of an item to perform its required function, breakdown.

2013-06-28, Joris Luyendijk, Our banks are out of control, Seeing the British establishment struggle with the financial sector is like watching an alcoholic …. Until 2008 there was denial over what finance had become. When a series of bank failures made this impossible, there was widespread anger, leading to the public humiliation of symbolic figures.