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

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, "The Trump Treasury’s Disturbing Regulatory Turn," 6 Dec. 2017

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

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The first known use of nonbanking was in 1940

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