Definition of "democratisation"

Finance is seldom romantic. But the idea of peer-to-peer lending comes close. This is an industry that brings together individual savers and lenders on online platforms. […] Banks and credit-card firms are kept out of the picture. Talk to enough people in the field and someone is bound to mention the “democratisation of finance”.

2013 June 1, “End of the peer show”, in The Economist, volume 407, number 8838, page 71