nonperforming

Vocabulary Word

Definition

The word 'nonperforming' refers to something not meeting its expectations or obligations. In work, it might be a task or responsibility that's not completed as planned.

Examples in Different Contexts

In financial technology, detecting 'nonperforming' assets early is crucial. A fintech analyst might assert, 'Leveraging data analytics to identify nonperforming loans promptly can enable proactive intervention and minimize potential losses.'

Practice Scenarios

Business

Scenario:

We've seen a sudden spike in bad loans. We need to be on top of this issue before it could escalate.

Response:

Agreed. Let's probe further into these nonperforming loans and find out the root cause.

Tech

Scenario:

The new update seems to be less effective than anticipated. We need to pinpoint the reason behind this slump quickly.

Response:

I'll assemble a task force to investigate the nonperforming features. We need to gather more user feedback.