disintermediation /dis-in-tər-mē-di-āˈshən/ (finance)

1. Direct investment in unit trusts, funds, etc without the mediation of banks or brokers
2. The elimination of intermediaries such as banks or brokers in financial transactions

• penalty rates
• penalty shoot-out
• penalty shoot-outs
• penalty shot
• penalty shots
• penalty spot
• penalty spots
• penalty tries
• penalty try
• penance
• penanced
• penances
• penancing
• pen-and-ink
• Penang-lawyer
• penannular
• penates
• pen-case
• pen-cases
• pence
• pencel
• pencels
• pences
• penchant
• penchants