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From The Collaborative International Dictionary of English v.0.44 [gcide]:
Founder \Found"er\, verb (used without an object) [imp. & p. p. {Foundered}; p. pr. & vb. n. {Foundering}.] [OF. fondrer to fall in, cf. F. s'effondrer, fr. fond bottom, L. fundus. See {Found} to establish.]
1. (Naut.) To become filled with water, and sink, as a ship.
2. To fall; to stumble and go lame, as a horse.
For which his horse fear['e] gan to turn, And leep aside, and foundrede as he leep. --Chaucer.
3. To fail; to miscarry. ''All his tricks founder.'' --Shak.
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