nonbank

Speech parts

1. nonbank - Noun

2. nonbank - Adjective

Meaning

nonbank (not comparable)

Not a bank
Many mortgages originate with nonbank lenders.

nonbank (plural nonbanks)

An institution, especially a financial institution, which is not a bank

Examples

Also of concern is that the majority of the securities are held by nonbank institutions, which makes it more difficult to track exactly who holds CLO debt. Source: Internet

To reiterate, the SSA’s exclusion of industries like telecommunications and nonbank lenders allows the continued creation of synthetics with potentially devastating results to the U.S. economy. Source: Internet

But the coronavirus crisis has demonstrated that there’s still a lot to do in the nonbank part of the financial system. Source: Internet

Seventy-two percent would seriously consider banking with a nonbank business, such as a telecommunications, retail or shipping/postal business, and more than a third would consider banking with a major technology firm, such as Google or Amazon. Source: Internet

Close letter words and terms