buyer
/baiə/
Definition
Noun: 1. A person who purchases something: A buyer is an individual or entity that acquires goods or services in exchange for money or other consideration. 2. A professional purchasing agent: In commerce, a buyer can specifically refer to a person whose job is to select and purchase stock or merchandise for a retail or wholesale business.
Usage
The word "buyer" is used to identify the party in a transaction who obtains ownership of a product, service, or asset. It is the counterpart to the "seller."
Examples
- The buyer of the house was very pleased with the inspection results.
- As a professional buyer for a department store, her job is to predict fashion trends.
- The auction attracted many potential buyers for the rare painting.
- The contract protects the rights of the buyer.
Advanced Usage
- Buyer's remorse: A feeling of regret or anxiety after making a purchase.
- He experienced severe buyer's remorse after buying the expensive car.
- Buyer beware (from the Latin phrase "caveat emptor"): A principle that the buyer is responsible for checking the quality and suitability of goods before a purchase.
- In many private sales, the rule is buyer beware.
Variants and Related Words
- Buy (verb): To acquire in exchange for payment.
- Purchase (verb/noun): A more formal synonym for "buy."
- Purchaser (noun): A formal synonym for "buyer."
- Consumer (noun): A person who purchases goods and services for personal use.
- Client (noun): A customer, especially one who uses the services of a professional.
- Customer (noun): A person who buys goods or services from a shop or business.
- Procurement officer (noun): A professional buyer, typically in an institutional or governmental context.
Synonyms
- Purchaser
- Customer
- Client
- Consumer
- Shopper
- Acquire
Antonyms
- Seller
- Vendor
- Merchant
Related Phrases
- Buyer's market: An economic situation in which goods or assets are plentiful and prices are low, favoring buyers over sellers.
- With so many houses for sale, it's definitely a buyer's market.
- Buyer's agent: A real estate agent who represents the interests of the home buyer.
- We hired a buyer's agent to help us find the right property.
Noun
-
a person who buys
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