nonbank

noun

non·​bank ˌnän-ˈbaŋk How to pronounce nonbank (audio)
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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Created in 2010 following the 2008 financial crisis, the CFPB is the sole federal agency with power to enforce consumer financial laws at nonbank institutions such as mortgage originators and payment services. Douglas Gillison, USA Today, 18 Apr. 2025 As early adopters, nonbank lenders using this tech can gain an edge over banks that have been slower to adopt AI. Marius Silvasan, Forbes.com, 16 Apr. 2025 Like direct lending, ABF involves the extension of credit by nonbank lenders. Andrew Curtis, Forbes, 10 Mar. 2025 The shift could wind the clock back to a pre-2008 environment, where it was largely left to state officials to prevent consumers from being ripped off by nonbank providers. Hugh Son, CNBC, 10 Mar. 2025 See All Example Sentences for nonbank

Word History

First Known Use

1935, in the meaning defined above

Time Traveler
The first known use of nonbank was in 1935

Browse Nearby Words

Cite this Entry

“Nonbank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonbank. Accessed 3 May. 2025.

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
Last Updated: - Updated example sentences
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