nonbank

American  

[non-bangk, non-bangk] / ˈnɒnˈbæŋk, ˈnɒnˌbæŋk /

noun

1. an institution that is not a bank but engages in certain banking bank practices, as lending money or holding deposits.

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adjective

1. of, relating to, or handled by a nonbank.

   nonbank loans.

Etymology

Origin of nonbank

First recorded in 1945–50; non- + bank ²

Example Sentences

Those include surging oil prices and inflation risk since the Iran war started, as well as the disruption threat that new artificial-intelligence tools pose to software makers that have borrowed heavily from nonbank lenders.

From The Wall Street Journal

Overall bank lending to nonbank financial institutions, of which private-credit loans are a subset, has grown to $1.9 trillion from $1.1 trillion three years ago, according to estimates by Truist Securities analysts.

From The Wall Street Journal

Some institutional investors and asset managers are not only looking to purchase shares of listed nonbank lenders known as business development companies, or BDCs, but also their underlying assets as wealthy individuals flee the strategy.

From The Wall Street Journal

While most nonbank loans still perform well, significant dispersion exists between top-tier and bottom-tier assets, according to an industry participant.

From The Wall Street Journal

Global authorities must step up their surveillance of lending by nonbank players like hedge funds and institutional investors to minimize risks to financial stability, Bank of Canada Gov. Tiff Macklem said.

From The Wall Street Journal