From BiblePortal Wikipedia

King James Dictionary [1]

Fa'Iling, ppr. Becoming deficient or insufficient becoming weaker decaying declining omitting not executing or performing miscarrying neglecting wanting becoming bankrupt or insolvent.

Fa'Iling, n.

1. The act of failing deficiency imperfection lapse fault. Failings, in a moral sense, are minor faults, proceeding rather from weakness of intellect or from carelessness, than from bad motives. But the word is often abusively applied to vices of a grosser kind. 2. The act of failing or becoming insolvent.

Webster's Dictionary [2]

(1): ( n.) The act of becoming insolvent of bankrupt.

(2): ( p. pr. & vb. n.) of Fail

(3): ( n.) A failing short; a becoming deficient; failure; deficiency; imperfection; weakness; lapse; fault; infirmity; as, a mental failing.