Word of the Day.

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Disintermediation.

dis·in·ter·me·di·a·tion
disˌin(t)ərmēdēˈāSH(ə)n/
noun
noun: disintermediation; plural noun: disintermediations
  1. reduction in the use of intermediaries between producers and consumers, for example by investing directly in the securities market rather than through a bank.

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