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单词 disintermediation
释义 dis·in·ter·me·di·a·tion
\(ˌ)disˌintə(r)ˌmēdēˈāshən\ noun
Etymology: dis- (I) + intermediate + -ion; from the investor's bypassing of the intermediate institution
: diversion of savings from institutions with governmentally imposed interest ceilings (as savings banks) to direct investment in higher-yielding instruments
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