Meaning of nonperforming

non•per•form•ing

Pronunciation: (non"pur-fôr'ming), [key]
— adj.
  1. not performing well or properly.
  2. noting or pertaining to a debt on which interest payments have been missed or slow, or for which the interest rate has been voluntarily lowered: the rise in nonperforming loans.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.