Intermediary in the context of "Bank"

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⭐ Core Definition: Intermediary

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. In trade or barter, an intermediary acts as a conduit for goods or services offered by a supplier to a consumer, which may include wholesalers, resellers, brokers, and various other services. "Intermediation" refers to a process matching two sides of a market, such as buyers and sellers by a third party such as a broker, agent, or wholesaler. The most common example of intermediation is in the finance industry, where it involves the matching of lenders with borrowers by a bank.

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Intermediary in the context of Commerce

Commerce is the organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered exchange of goods, services, and other things of value—predominantly through transactional processes—at the right time, place, quantity, quality and price through various channels among the original producers and the final consumers within local, regional, national or international economies. The diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage are the principal factors that give rise to commercial exchanges.

Commerce consists of trade and aids to trade (i.e. auxiliary commercial services) taking place along the entire supply chain. Trade is the exchange of goods (including raw materials, intermediate and finished goods) and services between buyers and sellers in return for an agreed-upon price at traditional (or online) marketplaces. It is categorized into domestic trade, including retail and wholesale as well as local, regional, inter-regional and international/foreign trade (encompassing import, export and entrepôt/re-export trades). The exchange of currencies (in foreign exchange markets), commodities (in commodity markets/exchanges) and securities and derivatives (in stock exchanges and financial markets) in specialized exchange markets, typically operating under the domain of finance and investment, also falls under the umbrella of trade. On the other hand, auxiliary commercial activities (aids to trade) which can facilitate trade include commercial intermediaries, banking, credit financing and related services, transportation, packaging, warehousing, communication, advertising and insurance. Their purpose is to remove hindrances related to direct personal contact, payments, savings, funding, separation of place and time, product protection and preservation, knowledge and risk.

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Intermediary in the context of Distribution (business)

Distribution is the process of making a product or service available for the consumer or business user who needs it, and a distributor is a business involved in the distribution stage of the value chain. Distribution can be done directly by the producer or service provider or by using indirect channels with distributors or intermediaries. Distribution (or place) is one of the four elements of the marketing mix: the other three elements being product, pricing, and promotion.

Decisions about distribution need to be taken in line with a company's overall strategic vision and mission. Developing a coherent distribution plan is a central component of strategic planning. At the strategic level, as well as deciding whether to distribute directly or via a distribution network, there are three broad approaches to distribution, namely mass, selective and exclusive distribution. The number and type of intermediaries selected largely depends on the strategic approach. The overall distribution channel should add value to the consumer.

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Intermediary in the context of Financial intermediary

A financial intermediary is an institution or individual that serves as a middleman between two or more parties, typically a lender and borrower, 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.

When the money is lent directly via the financial markets, eliminating the financial intermediary, the converse process of financial disintermediation occurs.

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Intermediary in the context of Proxy server

In computer networking, a proxy server is a server application that acts as an intermediary between a client requesting a resource and the server then providing that resource.

Instead of connecting directly to a server that can fulfill a request for a resource, such as a file or web page, the client directs the request to the proxy server, which evaluates the request and performs the required network transactions. This serves as a method to simplify or control the complexity of the request, or provide additional benefits such as load balancing, privacy, or security. Proxies were devised to add structure and encapsulation to distributed systems. A proxy server thus functions on behalf of the client when requesting service, potentially masking the true origin of the request to the resource server.

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Intermediary in the context of Disintermediation

Disintermediation is the removal of intermediaries in economics from a supply chain, or "cutting out the middlemen" in connection with a transaction or a series of transactions. Instead of going through traditional distribution channels, which had some type of intermediary (such as a distributor, wholesaler, broker, or agent), companies deal with customers directly and vice versa, for example via the Internet.

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Intermediary in the context of Grey-collar

Grey-collar refers to professions where the nature of the work cannot easily be classified as blue-collar or white-collar. As such, the category represents an intermediary between blue-collar and white-collar work that combines elements of both categories in regard to the nature of the work and the required type of training, licensure, and formal education. In general, the category requires more intellectual labor than would be required of a blue-collar profession and more physical labor than would be required of a white-collar profession. The concept helps address, but does not fully resolve, classist attitudes towards and misconceptions about different professions.

The concept is more loosely defined than the dichotomy of blue- vs white- collar, and is therefore somewhat controversial. Grey-collar may be interpreted as a spectrum between the two extremes of blue- and white- collar. Due to the open-ended nature of the concept and the issues with treating blue- and white- collar as a rigid binary, a wide range of professions may be considered grey-collar. As such, definitions of the category may differ across contexts and in individual interpretation.

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Intermediary in the context of Two-sided market

A two-sided market, also known as a two-sided network or two-sided platform, is an intermediary economic platform that connects two distinct user groups and creates value by enabling interactions between them. Each group provides the other with network benefits, making the platform more valuable as participation grows.

An organization that generates value primarily by facilitating direct interactions between two or more distinct types of customers is referred to as a multi-sided platform. Examples include credit card networks that link consumers and merchants, online marketplaces such as eBay that connect buyers and sellers, and digital platforms like Google or Facebook that connect users with advertisers.

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