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"Disintermediation" is when people or businesses decide to skip using middlemen, like banks or other financial institutions, and deal directly with each other instead. This often happens when people think they can save money or have better control over their transactions by cutting out the middleman.
For example, let's say a person wants to buy a house and instead of getting a mortgage from a bank, they borrow money directly from the seller of the house. This is an example of disintermediation, as the bank is not involved in the transaction.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
In the land of banks and money, where middlemen reside,
"Disintermediation" is when they're pushed aside.
It's when we skip the middleman, and deal direct, you see,
Saving cash and taking charge, of transactions that may be.
Imagine now, a home for sale, and someone wants to buy,
They need a loan, but skip the bank, and make their money fly.
They borrow from the seller, with agreements nice and neat,
Disintermediation here, makes the deal complete.
In the land of banks and money, where sometimes we can choose,
"Disintermediation" helps, to sidestep middleman dues.
By cutting out the go-between, we try to save and gain,
Disintermediation is, a direct financial chain.