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disintermediation

[dis-in-ter-mee-dee-ey-shuh n] /ˌdɪs ɪn tərˌmi diˈeɪ ʃən/
noun
1.
the act of removing funds from savings banks and placing them into short-term investments on which the interest-rate yields are higher.
Origin of disintermediation
1965-1970
First recorded in 1965-70; dis-1 + intermediation
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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British Dictionary definitions for disintermediation

disintermediation

/dɪsˌɪntəˌmiːdɪˈeɪʃən/
noun
1.
(finance) the elimination of such financial intermediaries as banks and brokers in transactions between principals, often as a result of deregulation and the use of computers
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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