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Glite Dictionary
🚫 Not fulfilling duty 💸 Not making money
nonperforming

nonperforming

6.6
Not doing required work under a contract
  • adjective
  • /ˌnɒn.pərˈfɔːr.mɪŋ/
  • Specialized
translation icon : incumplido
  • The contractor was declared nonperforming after failing to fulfill the contract's specified work milestones.

Examples

  • The contractor was declared nonperforming after failing to fulfill the contract's specified work milestones.

  • The bank classified the loan as nonperforming after several missed payments.

  • A nonperforming asset can negatively impact a company's financial health.

  • The bank categorized the loan as nonperforming.

  • Many nonperforming assets can harm a company's finances.

  • The bank classified the loan as nonperforming after several missed payments.

  • A nonperforming asset can negatively impact a company's financial health.

Synonyms

noncompliant
vsnonperforming
2 7.6

Not following rules or instructions

is used for failing agreed duties, especially under a contract
noncomplying
vsnonperforming
7.2

Not following rules or laws

focuses on failing duties under a contract or agreement

How Neglectful

delinquent
16 6.8
negligent
58 5.3
nonperforming
  • Specialized
6.6
remiss
25 7.6
lax
31 4.6

Surface Forms

nonperforming positive

Morphology

nonperforming = performing (transparent) = non + perform + ing

The meaning is directly derived from 'performing' with the addition of 'non-' indicating negation.

Etymology

Nonperforming comes from non- 'not' and perform 'to carry out or do', so imagine someone who does not do the work they agreed to. That's why a nonperforming party is one that fails to meet a required duty under a contract.