Founder 1 : A vessel sinking as the result of incursion of water into the hull . (A similar word flounder meaning to move clumsily and with difficulty is probably a combination of founder and blunder). See: Sinking
Association of Marine Underwriters of San Francisco (AMUSF), Glossary of Marine Insurance and Shipping Terms, http://www.amusf.com/Definitions_A.htm, CA, USA 2011. (Mrtm Insur and Shipping - Amer) {575}