Transaction Party
From Open Risk Manual
Definition
Transaction Party. Some entity which takes part in some transaction by receiving and/or parting with some item of economic value or some payment or both.
Issues and Challenges
Referred to in REA as Economic Agent (in the context of the economic event, known here as transaction).
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Transaction Party"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/FND/TransactionsExt/REATransactions/index-en.html + |
