Definition
Consumer. A party that utilizes economic goods or services.
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
See Also
- http://www.businessdictionary.com/definition/consumer.html
- https://www.merriam-webster.com/dictionary/consumes
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.
