disintermediation
Cutting out the middleman.
Definitions
The removal of intermediaries from a supply chain or transaction so parties deal directly.
disintermediation In A Sentence
Origin & Usage
Economics term from the 1960s banking sector.
People Also Ask
What does 'disintermediation' mean?
It means cutting out the middleman, removing intermediaries so that parties in a transaction deal with each other directly.
How is it used?
As a noun, e.g. 'The internet enabled disintermediation of travel agents.'
Where does the term come from?
It originated as an economics term in the 1960s banking sector, later applied broadly to supply chains and markets.
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