Main Entry: dis·in·ter·me·di·a·tion

Pronunciation: \ˌdis-ˌin-tər-ˌmē-dē-ˈā-shən\

Function: noun

Date: 1967

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