Webster's Revised Unabridged Dictionary · 1913

Failing

Failing , noun

1.
A failing short; a becoming deficient; failure; deficiency; imperfection; weakness; lapse; fault; infirmity; as, a mental failing.
And ever in her mind she cast about For that unnoticed failing in herself. — Tennyson
2.
The act of becoming insolvent of bankrupt.