I see it used a lot, but haven't seen a definition that makes complete sense.
Wiktionary says "characterized by an adequate or excellent level of performance or efficiency", which isn't much help.
Initially I though performant just meant "fast", but others seem to think it's also about stability, code quality, memory use/footprint, or some combination of all those.
I think this is a "real" question - but if enough people reckon this is a subjective question, that's an answer in itself.