Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Nonbank bank
a financial institution that either accepts demand deposits or makes commercial loans, but, unlike banks, does not do both at the same time and therefore can avoid federal regulations on bank ownership. 9 nonbank banks were esp. Prolific in the 1980s, but amendments to the definition of a bank under federal law have essentially closed this loophole.
nonbank bank
See BANK.