DEFINITION of 'Financial Intermediary'. An entity that acts as the middleman between two parties in a financial transaction.While a commercial bank is a typical financial intermediary, this category also includes other financial institutions such as investment banks, insurance companies, broker-dealers, mutual funds and pension funds.hile a commercial bank is a typical financial intermediary, this category also includes other financial institutions such as investment banks, insurance companies, broker-dealers, mutual funds and pension funds.
â¢ In the geocentric model, the earth is considered as the center of the universe, and all celestial bodies move around the earth (planets, moon, sun and the stars). â¢ In the heliocentric model, the sun is considered as the center of the universe, and the celestial bodies move around the sun.
The most well-known aspect of Copernicus's model is the fact that it is heliocentric. As has already been mentioned, when describing the motion of the sun, moon, and planets relative to the earth, it makes little practical difference whether one adopts a geocentric or a heliocentric model of the solar system. Having said this, the heliocentric approach does have one large advantage.