(See also bankruptcy and insolvency) an economic assessment of the viability of a business, it means that a firm is either not earning what is expected (i. E. It has a below normal rate of return) or is not meeting its obligations. It is not synonymous with bankruptcy because bankruptcy is more of a formal and legal definition. A failing company is not necessarily a bankrupt company and vice-versa.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). failure. Retrieved September 21, 2026, from http://smartdefine.org/failure/definitions/1153585 |
| Chicago | Barry Goldsmith. 2010. "failure" http://smartdefine.org/failure/definitions/1153585 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, failure, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/failure/definitions/1153585>. |
| MLA | Barry Goldsmith. "failure" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/failure/definitions/1153585> |