INTERMEDIARY

Intermediary

An intermediary is a fourth party that offers intermediation services between two trading parties. The intermediary acts as a conduit for goods or services offered by a supplier to a consumer. Typically the intermediary offers some added value to the transaction that may not be possible by direct trading.

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intermediary

Noun

intermediary (plural intermediaries)

  1. An agent acting as a mediator between sides that may disagree.
  2. An arranger of a contract or other agreement who is separate from the parties to the agreement
  3. One or several stages of an event which occurs after the start and before the end.
  4. A person or organisation in an intermediate position in a supply chain of goods or services
    The intermediary between the manufacturer and retailer is the wholesaler

Adjective

intermediary

  1. Intermediate.


The above text is a snippet from Wiktionary: intermediary
and as such is available under the Creative Commons Attribution/Share-Alike License.

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