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An intermediary in a business or financial transaction or process chain is commonly referred to as a middleman.
Correspondent Banks vs. Intermediary Banks: Understanding the Difference
Correspondent and intermediary banks both act as facilitating third parties during certain transactions, but the differences between the two are significant.
Financial Intermediary Definition
A financial intermediary facilitates transactions between lenders and borrowers, with the most common example being the commercial bank.
Disintermediation is the withdrawal of funds from intermediary financial institutions (banks, savings and loan associations) to invest them directly.
Mortgage Broker vs. Direct Lender: What's the Difference?
A mortgage broker is an intermediary who can help you choose the best direct lender for you, and get your loan application through the process.
A clearinghouse or clearing division is an intermediary that validates and finalizes transactions between buyers and sellers in a financial market.
1031 Exchange Rules: What You Need to Know
A 1031 exchange allows real estate investors to swap one investment property for another and defer capital gains taxes, but only if IRS rules are met.
Commodities Speculators: More Help Than Harm?
Speculators often get a bad rap, but remember that they only observe trends, not manipulate them. Here we look at speculation in commodities markets.
Correspondent Bank Definition
A correspondent bank is a financial institution authorized to provide services on behalf of another financial institution.
Blockchain Could Make You—Not Equifax—the Owner of Your Data
All hype aside, blockchain technology is really good at one thing: taking out the middlemen. Leaky data brokers' days may be numbered.