Means you dont succeed.
epic fail
There isn't a Latin word meaning flunk ,but Deficere means fail .
Notice
perceptive
foolproof
disappoint
A notice of default is used to notify a borrower that they have defaulted on their debt. To default on a debt means to fail to repay it. So a notice of default reminds the borrower that he has not made a payment on his debt on time.
Disappoint.
Yes, heed means to pay attention to, or take notice of.
To perceive means to notice that a thing or person exist; or perhaps, simply, to see.
It means the word is spelled incorrectly.