disintermediation
/dɪsˌɪntəmiːdiˈeɪʃən/ noun [U]Definition
› FINANCE the situation in which sellers and buyers of financial products deal directly with each other, rather than using banks, etc.: The internet is, potentially, the greatest force for disintermediation the banks have ever had to tackle. → Compare intermediation
› COMMERCE the situation in which manufacturers sell directly to consumers, rather than through stores, etc.: Throughout Europe, governments are anticipating a devastation of the retail sector workforce caused by 'disintermediation': the elimination of the middleman.
(Definition of disintermediation noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Browse the Thesaurus
Our dictionaries
Browse the Dictionary
Word of the Day
ride (out) the storm
to manage not to be destroyed, harmed or permanently affected by the difficult situation you...
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
