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founder (verb) fail completely; (of a ship) sink.
When something fails completely because a new problem has arisen, it founders. When something fails totally because a new difficulty has arisen, it founders. A marriage founders on suspicion, if because of suspicions between the couple, they separate. An institute founders on problems of funding, if for financial problems, it has to be closed down. A ship founders if it sinks. The Titanic foundered on an iceberg. That is, it sank on hitting an iceberg.
- The company began to founder on differences among the members of the Board of Directors and as a result of wrong investments. It had to be finally closed following huge losses.
- The negotiations between the workers' union and the management foundered on the basic lack of trust between the two and as a result, there were frequent lockouts and strikes.