The term used for an entity that makes a purchase for their own use, and not as a representative for another party. Can also be used to define someone that purchases an asset despite the fact that it is claimed by someone else, and pays additional fees in exchance.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser