Learn English – Hypernym for “customer,” “supplier”, “manufacturer”

business-languagehypernymsword-choice

I need an abstraction for the above terms.

In financial services, counterparty is often used.

Another hypernym could be account (although this sounds more like a bank account, or user/login account).

Also third-party account (although I've never heard of this one).

Which would be the correct way and/or most descriptive term?

My reason for asking is that I am designing a new database schema and want a base name from which these three types will inherit.

All of these people "transact" in business, and that's what they have in common.

Best Answer

As a professional economist, the term I would use to describe all those parties is (economic) agent. A broader, more generic term, is "trader."

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