nonbanking
adjective
non·bank·ing
| \ ˌnän-ˈbaŋ-kiŋ
\
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Definition of nonbanking
a
: not licensed as a bank but providing some of the financial services (such as loans or money transfers) that are usually offered by banks
Socks and stocks is the nickname for nonbanking companies like Sears that offer financial services. — Time Magazine
b
: not being or relating to the usual business of a bank or banker
… offered banks … an opportunity to expand into many nonbanking activities.— Tyrone Black and Donnie Daniel
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