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disintermediation

[dis-in-ter-mee-dee-ey-shuh n]
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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.
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Origin of disintermediation

First recorded in 1965–70; dis-1 + intermediation
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for disintermediation

disintermediation

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
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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