👉 Nonfeasibility is a concept in accounting and economics that refers to an event or situation where a company has not met its financial obligations, such as paying taxes, repaying debts, or fulfilling other commitments. In this sense, it can be seen as a lack of performance or failure to meet certain financial milestones or deadlines. Nonfeasibleness is often characterized by the inability to satisfy the obligations that are owed, which may include both legal and non-legal obligations. It can arise from various reasons
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What is the definition of Nonfeasible? 🙋
👉 The term "non-feasible" refers to something that is not possible or feasible at the current time. It implies a situation where an action, decision, or effort is unlikely to result in success or benefit. Non-feasibility often occurs due to unforeseen circumstances, internal limitations, or external challenges, making it difficult for individuals or organizations to achieve their goals.
