disintermediation


dis·in·ter·me·di·a·tion

noun \ˌdis-ˌin-tər-ˌmē-dē-ˈā-shən\

Definition of DISINTERMEDIATION

1
:  the diversion of savings from accounts with low fixed interest rates to direct investment in high-yielding instruments
2
:  the elimination of an intermediary in a transaction between two parties
dis·in·ter·me·di·ate \-ˈmē-dē-ˌāt\ verb

First Known Use of DISINTERMEDIATION

1967

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