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Disintermediation is the process of removing the middleman from transactions. In finance, it refers to withdrawal of funds from intermediary financial institutions like banks and loan associations, to invest these funds directly.

 

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Investment horizon is the total time that an investor wants or expects to hold a security or a portfolio.

 

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A clawback is a contractual obligation where money paid to an employee must be returned to an employer, sometimes even with a penalty.

 

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