nonbank
Not a bank
A nonbank is a financial institution that offers banking-like services—loans, credit, payment processing—without holding a traditional banking charter.
Nonbank lenders include mortgage companies, payday lenders, and fintech platforms.
They operate outside conventional banking regulations: Nonbank lenders now originate most U.S. mortgages.
As an adjective: nonbank financial institutions.
State of mutual linkage
- leverageBorrowed capital for amplified returns
- contagionDisease spread by contact
- opacityImpermeability to light
- unregulatedNot controlled by rules
Member-owned financial cooperative
- microfinanceSmall loans for poor entrepreneurs
- subprimeUnder top credit tier
- underwritingRisk evaluation and acceptance
- borrowerOne who takes temporarily
collateral · refinancing · debt · principal · amortization · default · foreclosure · creditworthiness
Without official permit
- charterFounding organizational document
- complianceAdhering to requirements
- supervisionOverseeing people or processes
- prudentialRelating to wise discretion
licensing · disclosure · transparency · enforcement · loophole · deregulation
Purchasing via handheld device
- robo-advisorAutomated investment management platform
- neobankBranchless digital financial institution
- blockchainCryptographic linked transaction record
- cryptocurrencyEncrypted decentralized money
remittance · Venmo · PayPal · Stripe · Klarna · API · disruption
Permanent donated fund
- REITProperty investment trust
- securitiesTradeable financial assets
- portfolioCollected works or assets
- fiduciaryAgent bound by loyalty
interconnectedness
State of mutual linkage
credit-union
Member-owned financial cooperative
- microfinanceSmall loans for poor entrepreneurs
- subprimeUnder top credit tier
- underwritingRisk evaluation and acceptance
borrower · collateral · refinancing · debt · principal · amortization · default · foreclosure · creditworthiness · securitization
unlicensed
Without official permit
- charterFounding organizational document
- complianceAdhering to requirements
- supervisionOverseeing people or processes
prudential · licensing · disclosure · transparency · enforcement · loophole · deregulation
mobile-payment
Purchasing via handheld device
- robo-advisorAutomated investment management platform
- neobankBranchless digital financial institution
- blockchainCryptographic linked transaction record
cryptocurrency · remittance · Venmo · PayPal · Stripe · Klarna · API · disruption
endowment
Permanent donated fund
- REITProperty investment trust
- securitiesTradeable financial assets
- portfolioCollected works or assets
nonbankbank
Place holding deposits
commercial bank · retail bank · savings bank · thrift · credit union