nonbank

noun

non·​bank ˌnän-ˈbaŋk How to pronounce nonbank (audio)
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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
In short, the FDIC’s Proposal is seeking to ensure that controls, policies, and compliance testing of said controls are equally robust for all parties involved in services that touch either nonbank fintech operators, or the digital asset ecosystem. Sean Stein Smith, Forbes, 23 Mar. 2025 The company operates primarily through its banking subsidiary, The Ohio Valley Bank Company, and other nonbank subsidiaries. Quartz Intelligence Newsroom, Quartz, 14 Mar. 2025 Ten or 20 years ago, people thought of the category narrowly—nonbank middle market direct lending and not much more. Andrew Curtis, Forbes, 10 Mar. 2025 Under Biden-era Director Rohit Chopra, the CFPB finalized a rule in November that brought nonbanks offering digital payment apps under its supervision, giving the agency greater authority to oversee companies like Apple, Google, PayPal and Venmo. Julia Shapero, The Hill, 26 Feb. 2025 See All Example Sentences for nonbank

Word History

First Known Use

1935, in the meaning defined above

Time Traveler
The first known use of nonbank was in 1935

Browse Nearby Words

Cite this Entry

“Nonbank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonbank. Accessed 29 Mar. 2025.

Legal Definition

nonbank

adjective
non·​bank
ˌnän-ˈbaŋk
: being, done by, or involving some entity other than a bank
nonbank lenders
a nonbank depositor
nonbanking adjective
Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!