Parties

Those entitiesCooperatives, corporations, partnerships, joint operations, trusts, or limited liability companies. taking part in a transactionThe entry or liquidation of a trade. as a principalThis term is used to mean the employer of an agent; or the amount of money borrowed, or the amount of, e.g., sellerA person who makes a transfer of title to real estate., buyerA market participant who takes a long futures position or buys an option. An option buyer is also called, or lenderThe entity that provides loan funds to the borrower. Depending on the type of loan, the lender may be in a real estateThe physical parcel of land and all improvements permanently attached. An identified parcel or tract transaction.