disintermediation
noun
dis·in·ter·me·di·a·tion
ˌdis-ˌin-tər-ˌmē-dē-ˈā-shən
1
: the diversion of savings from accounts with low fixed interest rates to direct investment in high-yielding instruments
2
: the elimination of an intermediary in a transaction between two parties
Love words? Need even more definitions?
Merriam-Webster unabridged
Share