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Definition of nonbank
: a business that is not an officially established bank but offers many similar services
From the M-W Editors
Recent Examples of nonbank from the Web
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Today, that number has more than flipped: Nonbanks originate 73 percent of the loans, with banks' share dropping to 18 percent.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'nonbank'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of nonbank
1935
Law Dictionary
nonbank
adjective
non·bank
\ˌnän-ˈbaŋk\
Legal Definition of nonbank
: being, done by, or involving some entity other than a bank nonbank lenders a nonbank depositor
nonbanking
adjectiveLearn More about nonbank
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