nonbanking

adjective non·bank·ing \ ˌnän-ˈbaŋ-kiŋ \

Definition of nonbanking

: 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

Recent Examples of nonbanking from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'nonbanking.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of nonbanking

1940

in the meaning defined above

See Words from the same year
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