n.
Pronunciation: ˌ dis- ˌ in-t ə r- ˌ m ē -d ē - ' ā -sh ə n
Function: noun
Date: 1967
1 : the diversion of savings from accounts with low fixed interest rates to direct investment in high-yielding instruments
2 : the elimination of an intermediary in a transaction between two parties
– dis · in · ter · me · di · ate \ - ' m ē -d ē - ˌ ā t \ verb