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.
Heliocentric Universe. A heliocentric universe is a universe in which the sun is the center and the planets orbit around it. Copernicus was the first person to formulate this idea. The idea of a heliocentric universe was rejected by the Church because God's prized creation, Earth, should be at the center. geocentric universe is the model of the universe created by Ptolemy, in which everything in the universe (sun, stars, other planets, etc.) orbits around the Earth.