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nonbank

[non-bangk, non-bangk]

noun

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



adjective

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

    nonbank loans.

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Word History and Origins

Origin of nonbank1

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The strategists calculate that nonbank investors globally have boosted their allocation to gold to 2.6% of holdings.

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One was highlighted by the IMF this week: how much risk has built up in nonbank lenders?

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Most banks haven’t been showing strong loan growth, with nonbank lenders taking market share for years, as banks have been operating under stronger risk-management frameworks and higher capital requirements under the Dodd-Frank reform legislation signed into law by President Barack Obama in 2010.

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America’s robust capital markets, and large nonbank lenders like insurance companies and private-credit funds, do most of the work.

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Nonbank lenders now dominate middle-market financing, and there is potential for lax underwriting that could lead to higher-than-normal losses if the credit cycle turns and the economy slows.

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