nonbankable Definition
- 1not acceptable or not likely to be accepted by a bank as collateral for a loan
- 2not able to be converted into cash
Using nonbankable: Examples
Take a moment to familiarize yourself with how "nonbankable" can be used in various situations through the following examples!
Example
The property was considered nonbankable due to its location in a flood zone.
Example
The company's financial statements were deemed nonbankable by the lender.
Example
The artwork was nonbankable and could not be used as collateral for a loan.
nonbankable Synonyms and Antonyms
Synonyms for nonbankable
Antonyms for nonbankable
Summary: nonbankable in Brief
'Nonbankable' [non-bang-kuh-buhl] describes something that is not acceptable or likely to be accepted by a bank as collateral for a loan, or not able to be converted into cash. Examples include property in a flood zone, financial statements that do not meet lender requirements, and artwork that cannot be used as collateral. Synonyms include 'unacceptable,' 'unbankable,' and 'unconvertible.'
