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

For nonbank mortgage firms, the retention rate for refinancing of servicing customers was 29% in the second quarter, according to Intercontinental Exchange data.

From The Wall Street Journal

In recent weeks, fears about bank credit centered around bank loans to non-depositary financial institutions, or money that traditional banks lend to nonbank borrowers such as Tricolor, which then use the “warehouse” money to make vehicle loans.

From MarketWatch

“Collectively, across the board, banks faced concerns about loans to lower-end consumers and nonbank financial institutions,” Stucky said.

From MarketWatch

The Fed noted elsewhere in its report that banks’ lending to nonbank financial institutions “continued to grow at a robust pace.”

From Barron's

Commercial bank lending to these nonbank lenders surged 53% in the past 12 months, according to Federal Reserve data.

From MarketWatch