单词	disintermediation
释义	disintermediation /ˌdɪsɪntəmiːdɪˈeɪʃ(ə)n / noun [mass noun] Economics Reduction in the use of intermediaries between producers and consumers, for example by investing directly in the securities market rather than through a bank.Along with financial disintermediation, investment relative to GDP declined over time.... But it was also to avoid the bank disintermediation associated with a stock market boom. We remain in the heart of a major disintermediation out of low-yielding money fund deposits and into securities. Derivatives disintermediate verb ... Then the financial markets became disintermediated. Trade is intermediated through brokers or core firms, or it can be disintermediated, meaning that suppliers interact directly with customers. We were concerned that our business could be disintermediated by powerful search engines, so we thought defensively about what to do.
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