disintermediation

[dis-in-ter-mee-dee-ey-shuh n]

noun

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

First recorded in 1965–70; dis-¹ + intermediation

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for disintermediation

disintermediation

noun

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