nonbank
noun
non·bank
ˌnän-ˈbaŋk 
often attributive
: a business that is not an officially established bank but offers many similar services
Examples of nonbank in a Sentence
Recent Examples on the Web
On average, homebuyers save more in mortgage fees with a bank, like Chase vs. a nonbank.
—
Noel Cody, Essence, 19 June 2024
Governments must also be attentive to emerging threats, from cyberattacks to the growth of nonbank financial companies that are systemically important yet not subject to traditional oversight.
—Jacob J. Lew, Foreign Affairs, 11 Apr. 2016
New regulations potentially mandating higher capital requirements will also force smaller banks to tighten their belts, cutting down on their margins and creating opportunities for private credit or nonbank lenders such as Rocket Mortgage.
—Dylan Sloan, Fortune, 16 May 2024
This includes banking-as-a-service platforms, where a sponsor bank allows a nonbank to tap into its regulated financial infrastructure.
—Paul Davis, Forbes, 20 Feb. 2024
See all Example Sentences for nonbank 
Noel Cody, Essence, 19 June 2024
Governments must also be attentive to emerging threats, from cyberattacks to the growth of nonbank financial companies that are systemically important yet not subject to traditional oversight.
—Jacob J. Lew, Foreign Affairs, 11 Apr. 2016
New regulations potentially mandating higher capital requirements will also force smaller banks to tighten their belts, cutting down on their margins and creating opportunities for private credit or nonbank lenders such as Rocket Mortgage.
—Dylan Sloan, Fortune, 16 May 2024
This includes banking-as-a-service platforms, where a sponsor bank allows a nonbank to tap into its regulated financial infrastructure.
—Paul Davis, Forbes, 20 Feb. 2024
See all Example Sentences for nonbank
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'nonbank.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Nonbank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonbank. Accessed 15 Jul. 2024.
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