Devolution and Failure

noun

• The process of declining from a higher to a lower level of effective power or vitality or essential quality.
  • synonyms: degeneration
• The delegation of authority (especially from a central to a regional government. ).
  • synonyms: devolvement

• (n.) The act of rolling down.
• (n.) Transference from one person to another; a passing or devolving upon a successor.

DEVOLUTION is the delegation of authority from higher to lower levels.

noun

• An act that fails.
  • usage: "his failure to pass the test"
• An event that does not accomplish its intended purpose.
  • usage: "the surprise party was a complete failure"
• Lack of success.
  • usage: "he felt that his entire life had been a failure"; "that year there was a crop failure"
• A person with a record of failing; someone who loses consistently.
  • synonyms: loser, nonstarter, unsuccessful person
• An unexpected omission.
  • usage: "he resented my failure to return his call"; "the mechanic's failure to check the brakes"
• Inability to discharge all your debts as they come due.
  • usage: "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"
  • synonyms: bankruptcy
• Loss of ability to function normally.
  • usage: "kidney failure"

• (n.) Omission; nonperformance; as, the failure to keep a promise.
• (n.) A becoming insolvent; bankruptcy; suspension of payment; as, failure in business.
• (n.) A failing; a slight fault.
• (n.) Cessation of supply or total defect; a failing; deficiency; as, failure of rain; failure of crops.
• (n.) Decay or defect from decay; deterioration; as, the failure of memory or of sight.
• (n.) Want of success; the state of having failed.

(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.