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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