Referring to the disparate structure of a product or service, in which individual components are divided out, and are subject to separate fees.
The separation of individual components in a disparate product or service.
The separation of a service into its distinct elements, e.g., the provisions of natural gas to residential or industrial customers is now split into the transportation of natural gas via pipeline to the utility and the delivery of the gas from the utility to the user.
The various services required by a superannuation fund such as insurance, administration etc are contracted out to different service providers.
Referring to the structuring of a product or service where the individual components involved in the management of that product are split out with separate fees usually applying. For example, an unbundled superannuation arrangement might involve separation of investment management, trusteeship and insurance arrangements among different parties. (Opposite of Bundled).