Your definition seems accurate, based on what I had thought to be true. However, an expert at another site provided an important additional aspect of fail-over: avoidance of any service interruption.
Here is his or her definition:
fail-over basically describes the take over of a system when another system fails without any interruption of service.
ASKER
Here is his or her definition:
fail-over basically describes the take over of a system when another system fails without any interruption of service.