disintermediation
English
Etymology
dis- + intermediation
Noun
disintermediation (uncountable)
- (banking, finance, economics) The removal of funds from a financial institution such as a bank for direct purchase of financial instruments.
- (business) The removal of an intermediary from a commercial transaction.
- The news industry is undergoing a massive disintermediation due to the ubiquitous low-cost communication made possible by the internet.
Related terms
- disintermediate