intermediate
adjective
being, situated, or acting between two points, stages, things, persons, etc..
Used to describe an ongoing action or continuous state that was happening at a specific time in the past.
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
We were intermediating and we were hedging our risk.
From The Wall Street Journal ● Feb. 21, 2026