nonbank
noun
non·bank
ˌnän-ˈbaŋk 
often attributive
: a business that is not an officially established bank but offers many similar services
Examples of nonbank in a Sentence
Recent Examples on the Web
The rise in rates was especially impactful on Rocket as the traditional strength of its nonbank mortgage-lending business model is mortgage refinancings.
—
Detroit Free Press, 28 Feb. 2024
The growth rate of BaaS sponsor banks has slowed, though those that remain committed (and have sound policies and procedures) should benefit since many nonbanks need sponsors.
—Paul Davis, Forbes, 20 Feb. 2024
During this time, contraction in the Fed’s reverse-repo deposit facility for nonbank financial institutions has produced a flow of funds out of the Fed and back into the financial markets, which has offset the Fed’s quantitative tightening that removes liquidity from the markets to the Fed.
—Andrew Stuttaford, National Review, 9 Dec. 2023
Unlike banks that fund their loans through their deposits, BNPL players that offer small loans and installments to shoppers need to get that money from the market, as do other nonbank financial-technology companies.
—Telis Demos, WSJ, 9 Nov. 2023
The Financial Stability Oversight Council, an interagency panel of financial regulators, voted to adopt new rules on Friday that streamline the council's ability to designate nonbanks as systemically important.
—Andrew Duehren, WSJ, 3 Nov. 2023
At the same time, while lending is being limited by high-interest rates and risks, some banks and nonbanks are looking for ways to support their clients through subsidized loans.
—Jon Stojan, USA TODAY, 18 July 2023
Photo: Michael Nagle/Bloomberg News Like banks, nonbank investment giants are also subject to funding worries—just in different forms, and not to the same degree.
—Telis Demos, WSJ, 29 May 2023
While the largest banks remain well capitalized and safe, and the size diversity of the country’s banking system should be preserved, more may need to be done in overseeing mid-size banks and the nonbank sector.
—Catarina Saraiva, Fortune, 29 June 2023
Detroit Free Press, 28 Feb. 2024
The growth rate of BaaS sponsor banks has slowed, though those that remain committed (and have sound policies and procedures) should benefit since many nonbanks need sponsors.
—Paul Davis, Forbes, 20 Feb. 2024
During this time, contraction in the Fed’s reverse-repo deposit facility for nonbank financial institutions has produced a flow of funds out of the Fed and back into the financial markets, which has offset the Fed’s quantitative tightening that removes liquidity from the markets to the Fed.
—Andrew Stuttaford, National Review, 9 Dec. 2023
Unlike banks that fund their loans through their deposits, BNPL players that offer small loans and installments to shoppers need to get that money from the market, as do other nonbank financial-technology companies.
—Telis Demos, WSJ, 9 Nov. 2023
The Financial Stability Oversight Council, an interagency panel of financial regulators, voted to adopt new rules on Friday that streamline the council's ability to designate nonbanks as systemically important.
—Andrew Duehren, WSJ, 3 Nov. 2023
At the same time, while lending is being limited by high-interest rates and risks, some banks and nonbanks are looking for ways to support their clients through subsidized loans.
—Jon Stojan, USA TODAY, 18 July 2023
Photo: Michael Nagle/Bloomberg News Like banks, nonbank investment giants are also subject to funding worries—just in different forms, and not to the same degree.
—Telis Demos, WSJ, 29 May 2023
While the largest banks remain well capitalized and safe, and the size diversity of the country’s banking system should be preserved, more may need to be done in overseeing mid-size banks and the nonbank sector.
—Catarina Saraiva, Fortune, 29 June 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'nonbank.' 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
1935, in the meaning defined above
Dictionary Entries Near nonbank
Cite this Entry
“Nonbank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonbank. Accessed 16 Apr. 2024.
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Legal Definition
nonbank
adjective
non·bank
ˌnän-ˈbaŋk
: being, done by, or involving some entity other than a bank
nonbank lenders
a nonbank depositor
nonbanking
adjective
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