nonbank

noun, often attributive
non·​bank | \ ˌnän-ˈbaŋk How to pronounce nonbank (audio) \

Definition of nonbank

: a business that is not an officially established bank but offers many similar services

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Other Words from nonbank

nonbanking \ ˌnän-​ˈbaŋ-​kiŋ How to pronounce nonbanking (audio) \ adjective

Examples of nonbank in a Sentence

Recent Examples on the Web

NetsUnion, or Wanglian, was set up in 2017 by the People’s Bank of China as an internet payment system for nonbanks, akin to the central bank’s monopoly payment-processing system for banks, known as China UnionPay. Stella Yifan Xie, WSJ, "Mastercard Renews Effort to Enter Chinese Market," 22 Feb. 2019 One of the principal gatekeepers to housing-finance markets is stepping up scrutiny of nonbank mortgage lenders, concerned that some may not have the financial heft needed to overcome stressed conditions. Nick Timiraos, WSJ, "Cooling Housing Market Prompts Closer Scrutiny of Some Lenders," 29 Jan. 2019 Prudential was the last nonbank on the SIFI list, and this week’s decision reflects the Administration’s promise to take a fresh look at the overreach of Dodd-Frank. The Editorial Board, WSJ, "Jack Lew’s Last Defeat," 18 Oct. 2018 Some lenders—particularly nonbanks that don’t have other lines of business —could take on riskier customers to keep up their level of loan volume, or be forced to sell themselves. Christina Rexrode, WSJ, "Mortgage Rates Fast Approaching 5%, a Fresh Blow to Housing Market," 11 Oct. 2018 But nonbanks tend to be more flexible on their underwriting. Christina Rexrode, WSJ, "Retreat of Smaller Lenders Adds to Pressure on Housing," 22 Nov. 2018 Quicken is the first nonbank to become the top retail mortgage lender since the 2008 financial crisis. Jc Reindl, USA TODAY, "How Quicken Loans passed up Wells Fargo to become nation's top mortgage lender," 1 June 2018 Canada has repeatedly tightened rules on banks, only for borrowers to turn to nonbanks. James Mackintosh, WSJ, "To Spot the Next Financial Crisis, Look Who Was Spared by the Last One," 26 Apr. 2018 Many auto lenders, including banks, nonbanks and the finance arms of car manufacturers, have been offering more loans with longer terms. Christina Rexrode, WSJ, "Auto Lenders Ramp Up Risk to Win More Customers," 10 June 2018

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.

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First Known Use of nonbank

1935, in the meaning defined above

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Statistics for nonbank

Last Updated

18 Mar 2019

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Time Traveler for nonbank

The first known use of nonbank was in 1935

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More Definitions for nonbank

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

Other Words from nonbank

nonbanking adjective

More from Merriam-Webster on nonbank

Rhyming Dictionary: Words that rhyme with nonbank

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