nonbanking

adjective

non·​bank·​ing ˌnän-ˈbaŋ-kiŋ How to pronounce nonbanking (audio)
: not of, relating to, or being a bank or banking: such as
a
: not licensed as a bank but providing some of the financial services (such as loans or money transfers) that are usually offered by banks
Socks and stocks is the nickname for nonbanking companies like Sears that offer financial services.Time Magazine
b
: not being or relating to the usual business of a bank or banker
… offered banks … an opportunity to expand into many nonbanking activities.Tyrone Black and Donnie Daniel

Examples of nonbanking in a Sentence

Recent Examples on the Web Imagine the difficulty of starting a business in the nonbanking credit activity known as fintech—consumer or business lending using the internet. Peter J. Wallison, WSJ, 6 Dec. 2017

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'nonbanking.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1940, in the meaning defined above

Time Traveler
The first known use of nonbanking was in 1940

Dictionary Entries Near nonbanking

Cite this Entry

“Nonbanking.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonbanking. Accessed 17 Apr. 2024.

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