nonbank

noun

non·​bank ˌnän-ˈbaŋk How to pronounce nonbank (audio)
often attributive
: a business that is not an officially established bank but offers many similar services

Examples of nonbank in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Zoom out: Investors and nonbank entities with financial aspirations have also been feeling stifled by regulators, and are looking forward to taking advantage of a lighter hand in Washington. Felix Salmon, Axios, 30 Jan. 2025 These nonbanks include stock and bond mutual funds, money-market mutual funds, hedge funds, insurance companies and nonbank lenders, many of which have intricate ties to traditional banks. Russ Wiles, USA TODAY, 24 Jan. 2025 Synapse, a banking software company, helped connect online nonbank lenders with licensed banks. Chris Perry, Forbes, 9 Jan. 2025 BaaS has since transformed the financial landscape, enabling licensed banks to integrate digital banking services into nonbank businesses. Serge Beck, Forbes, 18 Dec. 2024 See all Example Sentences for nonbank 

Word History

First Known Use

1935, in the meaning defined above

Time Traveler
The first known use of nonbank was in 1935

Dictionary Entries Near nonbank

Cite this Entry

“Nonbank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonbank. Accessed 8 Feb. 2025.

Legal Definition

nonbank

adjective
non·​bank
ˌnän-ˈbaŋk
: being, done by, or involving some entity other than a bank
nonbank lenders
a nonbank depositor
nonbanking adjective
Last Updated: - Updated example sentences
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