Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- adjective Of, relating to, or done by a business that is not a bank but performs similar services.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Not a
bank - noun An institution, especially a
financial institution, which is not abank
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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The $600 billion asset-backed securities market had been hobbled in recent weeks by worries that new rules as part of the Dodd-Frank financial overhaul would mean regulators could seize the loans bundled into asset-backed securities sold by auto-finance companies and other so-called nonbank lenders.
Asset-Backed Bonds Sell, With No Seizure Anusha Shrivastava 2011
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Mr. Himpler disagrees with the notion nonbank finance companies aren't regulated, noting the firms are licensed and regulated in every state in which they operate.
CFPB Gears Up to Examine Mortgage Firms Maya Jackson Randall 2012
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Under Dodd-Frank, the council must consider a series of factors including the institution's leverage and risk exposures in determining whether to label a nonbank "systemically important."
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Under Dodd-Frank, the council must consider a series of factors including the institution's leverage and risk exposures in determining whether to label a nonbank "systemically important."
Reuters: Top News 2011
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The consumer-financial bureau has rule-writing, supervisory and enforcement authority over banks and a hodgepodge of so-called nonbank firms that, in the run-up to the 2008 financial crisis, escaped regulation of any sort.
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Ames Financial belonged to a category of firms known as nonbank financial institutions.
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Insurance Corp. Their plan sought to narrow the focus to businesses they said were at the core of the economic crisis - such as nonbank mortgage companies.
NPR Topics: News 2010
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Treasury Secretary Henry Paulson said the 700-billion-dollar government rescue plan would focus now on continued capital injections to struggling banks, but would also look at ways to help the "nonbank" financial sector under the Troubled Asset Relief Programme (TARP).
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Paulson said the 700-billion-dollar plan would focus now on continued capital injections to struggling banks, but would also look at ways to help the "nonbank" financial sector under the Troubled Asset Relief Program (TARP).
WHAT REALLY HAPPENED 2008
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Treasury Secretary Henry Paulson said the $US700 billion ($1.1 trillion) government rescue plan would focus now on continued capital injections to struggling banks, but would also look at ways to help the "nonbank" financial sector under the Troubled Asset Relief Program
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