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nonbank

[ noun non-bangk; adjective 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

Five years ago, in 2004, the IRS granted the MF the right to be a nonbank custodian of IRAs.

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nonattendancenonbearing

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