nonbank

American  

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

noun

1. an institution that is not a bank but engages in certain banking 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

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Example Sentences

See Examples For:

nonbank

Increasingly, small businesses like Brushstrokes + Beverages — with little capital to use as collateral against a traditional loan — are turning to nonbank finance companies for merchant cash advances.

From Los Angeles Times ● Oct. 28, 2026

The FDIC’s 2023 survey found that 5.6 million households were unbanked, meaning they had no bank account, and an estimated 19 million had accounts but relied on nonbank credit to meet their needs.

From The Wall Street Journal ● Jul. 14, 2026

A robust banking system and wide availability of nonbank financing helped funnel capital to startups and other ventures, allowing them to sustain losses for longer periods as their businesses matured.

From MarketWatch ● Jun. 28, 2026

Complicating these efforts, Macklem said, is the growing influence of nonbank lenders such as hedge and pension funds, private-finance companies and other asset managers in global financial activity.

From The Wall Street Journal ● Jun. 23, 2026

In 2024, an estimated 6.1 percent of all business loans were made by nonbank lenders but indirectly funded by banks.

From The Wall Street Journal ● Jun. 23, 2026

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