non-bankadj.n.
/nɒnˈbaŋk/, U.S. /nɑnˈbæŋk/ A. adj.
Not connected with, belonging to, or transacted by a banking house. Of an institution, company, etc.: that is not a bank.
ΘΚΠ
society > trade and finance > financial dealings > banking > [adjective] > not relating to or being a bank
non-bank1929
1929 Jrnl. Polit. Econ. 37 16 (heading) Ratio of non-bank cash to checking accounts.
1946 C. C. Abbott Managem. Federal Debt v. 87 Should a boom or a price inflation develop and conditions call for a restriction of deposits, this policy of relying upon increases of bank credit to take up obligations not wanted by nonbank holders would aggravate the situation.
1964 J. Gould & W. L. Kolb Dict. Social Sci. 438/2 Like every other nonbank institution, savings and loan associations..must keep accounts with commercial banks.
1973 N.Y. Law Jrnl. 4 Sept. 3/5 (advt.) We are..the largest non-bank firm—providing complete corporation securities services.
1990 P. G. A. Howells & K. Bain Financial Markets & Insts. (BNC) 59 As these yields and therefore the cost of non-bank borrowing fall, the demand for bank lending is reduced.
B. n.
An institution or company that provides some banking services, but is not a bank or does not have the legal status of a bank.
ΚΠ
1935 Polit. Sci. Q. 50 360 In reality not even the distinction between a bank and a non-bank is clear or easy.
1977 Washington Post (Nexis) 4 Jan. a1 The auditing by the Agriculture Department focused on most of the credit unions and other nonbanks here that sell food stamps to qualified purchasers.
1999 What Investm. Mar. 45/3 Their existing core business of branch-based retail banking is declining rapidly, due to technological advances such as telephone banking and competition from ‘non-banks’ such as Sainsbury's, Virgin and Marks & Spencer.
This entry has been updated (OED Third Edition, December 2003; most recently modified version published online March 2022).
<
adj.n.1929