Difference between revisions of "Consumer"
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== Definition == | == Definition == | ||
| − | '''Consumer'''. A party that utilizes economic goods or services | + | '''Consumer'''. A party that utilizes economic goods or services. Individuals who acquire, consume or use goods and services for personal use, either for themselves or for others, and not for resale or commercial purposes. Consumers include actually and potentially affected end-users. |
| − | The general notion of a consumer includes an end user, and is not limited to a purchaser, in the distribution chain of a good or service | + | In the context of [[Credit]] provision it means a natural person who, in [[Credit Agreement | credit agreements]] is acting for purposes which are outside their trade, business or profession. |
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| + | The general notion of a consumer includes an end-user, and is not limited to a purchaser, in the distribution chain of a good or service | ||
== See Also == | == See Also == | ||
* http://www.businessdictionary.com/definition/consumer.html | * http://www.businessdictionary.com/definition/consumer.html | ||
* https://www.merriam-webster.com/dictionary/consumes | * https://www.merriam-webster.com/dictionary/consumes | ||
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[[Category:Products And Services]] | [[Category:Products And Services]] | ||
| − | + | [[Category:NPL Directive]] | |
| − | + | [[Category:ESRS Glossary]] | |
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Latest revision as of 14:43, 31 May 2023
Definition
Consumer. A party that utilizes economic goods or services. Individuals who acquire, consume or use goods and services for personal use, either for themselves or for others, and not for resale or commercial purposes. Consumers include actually and potentially affected end-users.
In the context of Credit provision it means a natural person who, in credit agreements is acting for purposes which are outside their trade, business or profession.
The general notion of a consumer includes an end-user, and is not limited to a purchaser, in the distribution chain of a good or service
