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An intermediary, also known as a middleman or go-between, is defined differently by context. In law or diplomacy , an intermediary is a third party who offers intermediation services between two parties.
Reintermediation can be defined as the reintroduction of an intermediary between end users (consumers) and a producer. This term applies especially to instances in which disintermediation has occurred first. [2] At the start of the Internet revolution, electronic commerce was seen as a tool of disintermediation for cutting operating costs. The ...
In chemistry, a reaction intermediate, or intermediate, is a molecular entity arising within the sequence of a stepwise chemical reaction.It is formed as the reaction product of an elementary step, from the reactants and/or preceding intermediates, but is consumed in a later step.
There are some key differences between "e-fencing" and traditional fencing. Both involve fraudulently obtained goods and/or services being bought and sold in transactions involving a minimum of three distinct parties, usually understood to be the thief who stole the goods, the fence who acts as an intermediary, and the final purchaser.
Informal intermediation ranges from casual intermediaries at the good or benign end of the spectrum to 'loan sharks' at the professional and sometimes criminal end of the spectrum. [ 2 ] Disintermediation occurs when potential lenders and borrowers interact more directly in the capital markets , avoiding the intermediation of banks.
A financial intermediary is an institution or individual that serves as a "middleman" among diverse parties in order to facilitate financial transactions. Common types include commercial banks , investment banks , stockbrokers , insurance and pension funds, pooled investment funds, leasing companies, and stock exchanges.
Banks as financial intermediaries between ultimate savers and borrowers, [25] and their ability to generate a medium of exchange marked higher than a fiat currency's store of value, is the basis of banking.
The variety of intermediaries ranges from specialized government agencies and energy-service firms, electric power utilities to university liaison departments or regional technology centers. But also non-governmental organizations, research and technology organizations and cross-national networks can act as technology intermediary.