Not a bank

Many mortages originate with nonbank lenders.

2. noun
An institution, especially a financial institution, which is not a bank

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Look at other dictionaries:

  • nonbank — non·bank /ˌnän baŋk/ adj: being, done by, or involving some entity other than a bank nonbank lenders a nonbank depositor non·bank·ing adj Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • nonbank — I. (ˈ) ̷ ̷+ adjective Etymology: non (I) + bank, n. : being or done by someone other than a bank : not being or done by a bank nonbank borrowing nonbank lenders nonbank investors II …   Useful english dictionary

  • nonbank — n. /non bangk /; adj. /non bangk /, n. 1. an institution that is not a bank but engages in certain banking practices, as lending money or holding deposits. adj. 2. of, pertaining to, or handled by a nonbank: nonbank loans. [1945 50; NON + BANK2]… …   Universalium

  • nonbank — noun Usage: often attributive Date: 1939 a business that is not an officially established bank but offers many similar services • nonbanking adjective …   New Collegiate Dictionary

  • nonbank — adj. not involving a bank …   English contemporary dictionary

  • nonbank — non·bank …   English syllables

  • nonbank bank — see bank Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Nonbank Banks — Financial institutions that are not considered full scale banks because they do not offer both lending and depositing services. Nonbank banks can engage in credit card operations or other lending services, provided they do not also accept… …   Investment dictionary

  • permissible nonbank activities — financial activities closely related to banking that may be engaged in by bank holding companies (BHCs), either directly or through nonbank subsidiaries ( subsidiary). For example, a BHC might own finance companies or engage in mortgage banking.… …   Financial and business terms

  • Grandfathered Activities — Nonbank activities, some of which would normally not be permissible for bank holding companies and foreign banks in the United States, but which were acquired or engaged in before a particular date and are therefore subject to the older rules.… …   Investment dictionary

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