Failure
Part of speech: noun
Definition: State or condition of not meeting a desirable or intended objective, opposite of success. 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.
Example sentence: Success breeds complacency. Complacency breeds failure. Only the paranoid survive.
Bankruptcy
Part of speech: noun
Definition: A legally declared or recognized condition of insolvency of a person or organization.
Example sentence: The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.