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 banking, managing 'nonperforming' loans is fundamental to maintain asset quality. A bank manager might advise, 'Effective resolution of nonperforming assets is critical to safeguard our financial health and sustain the trust of our stakeholders.'

Practice Scenarios

Accounting

Scenario:

Our new investments aren't returning the profits we projected. We need to reassess our financial strategies.

Response:

We definitely need to analyze the nonperforming investments and possibly reconsider our portfolio allocation.

Leadership

Scenario:

We've identified a few teams that are struggling to meet their targets. We need to devise a plan to turnaround their performance.

Response:

It's clear that we need a comprehensive plan to address the nonperforming sectors. Let's focus on mentoring and reskilling strategies.