What does "nonbank" mean?

An institution, especially a financial institution, which is not a bank

Nonbank

Common synonyms include: credit firm, finance company, lending company, lending firm, nonbank lender, nonbanking.

adj, noun

adj, noun ·2 syllables ·Rare ·Advanced level

Noun

1
An institution, especially a financial institution, which is not a bank
"Loan-making standards need to be subject to regulatory scrutiny, both at banks and nonbanks."

Adjective

"Many mortgages originate with nonbank lenders."

From non- + bank.