disintermediation

(redirected from disintermediations)
Also found in: Dictionary, Financial.

disintermediation

The elimination of the distributor and/or retailer (the middleman) when making a purchase. The term is used to refer to purchasing directly from a manufacturer's website, the benefits of which are convenience, fast turnaround time and sometimes lower prices. Obviously, retail stores are very much against disintermediation. See re-intermediation.
References in periodicals archive ?
The implicit assumption in the MPS model, as in much macroeconomic literature, has been that the financial system functions so efficiently that, except for the occasional disturbance due to institutional or regulatory factors--such as the episodes of disintermediation under Regulation Q--interactions between real and financial variables can be reduced and simplified to interactions between real variables and interest rates.
When the equation is estimated allowing only the cost-of-capital coefficient to differ over the two subperiods, the estimated coefficient on the cost of capital is less sensitive to the presence or absence of an explicit representation of disintermediation.