How to change the word "Fail" for a particular inspection type?

1. From the Hamburger Menu, go to Settings, then make sure you are in Pick List Setup.
2. Select the inspection type that you want to change in the 'Inspection Type' pick list, then hit the 'Edit Item' button.
3. Check the box for 'For this inspection type, override the global preference for Fail on the report.'
4. Enter the term you would like to use in the box and use the pick list to choose if the word should show up in black or red colored font.
5. Save preferences by clicking the 'Save Inspection Type' button