Buyer

A market participantFor the purpose of reviews and appeals, a participant is any individual or entity who has applied for who takes a long(1) One who has bought a futures contract to establish a market position; (2) a market position that futuresSee Futures Contract. positionAn interest in the market, either long or short, in the form of one or more open contracts. or buys an optionThe unilateral right to do something. For example, the right to renew a lease or purchase a property.. An option buyerThe person who buys calls, puts, or any combination of calls and puts. is also calledAnother term for exercised when an option is a call. In the case of an option on a physical, the writer a takerThe buyer of an option contract., holderThe party that currently owns the loan and holds its legal title., or ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe)..