dis intermediation

disintermediation

[dis-in-ter-mee-dee-ey-shuhn]
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:
1965–70; dis-1 + intermediation

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World English Dictionary
disintermediation (dɪsˌɪntəˌmiːdɪˈeɪʃən)
 
n
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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