dis·in·ter·me·di·a·tion 
(dĭs-ĭn′tər-mē′dē-āshən)
(dĭs-ĭn′tər-mē′dē-āshən)n.
1. The elimination of intermediary agents in transactions between buyers and sellers.
2. Withdrawal of funds from intermediary financial institutions, such as banks and savings and loan associations, in order to invest in instruments yielding a higher return.