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disintermediation |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
disintermediation an economic phenomenon of the late 1970s and early 1980s in which investors, flnding that conventional savings and thrift methods did not pay sufficient interest to keep pace with inflation, transferred their funds to the money market and related savings and investment instruments, leading to a rapid growth in those resources and a loss of funds from institutions like savings banks. See also: Economics |
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? Mentioned in | ? References in periodicals archive | |
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In the Internet's early days, the promise of web-enabled real estate platforms and tools elicited one of two responses from New York's real estate community: fear of disintermediation, or unrealistic dreams for complete web-automation. Disintermediation occurred when Guttenberg invented the printing press and people no longer had to go to the priests to learn what was in the Bible. These positive factors are tempered by moderate overall sales growth at Bankers Life (adjusted to remove the impact of the industry wide downturn in LTC sales), persistency challenges associated with CIG's Medicare supplement business, disintermediation risk in CIG's annuity block and recent development of adverse operating trends in Conseco's run-off LTC business. |
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