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