What Is a Lender?

A lender is an individual, a public or private group, or a financial institution that

makes funds available to a person or business with the expectation that the
funds will be repaid. Repayment will include the payment of any interest or
fees.1  Repayment may occur in increments, as in a monthly mortgage payment
(one of the largest loans consumers take out is a mortgage) or as a lump sum.

What Is a Vendor?
A vendor is a party in the supply chain that makes goods and services available
to companies or consumers. The term "vendor" is typically used to describe the
entity that is paid for goods that are provided, rather than the manufacturer of the
goods itself. However, it is possible for a vendor to operate as both a supplier (or
seller) of goods and a manufacturer.

How Vendors Work

A vendor, also known as a supplier, is a person or a business entity
that sells something. Large retail store chains such as Target, for example,
generally have a list of vendors from which they purchase goods at wholesale
prices that they then sell at retail prices to their customers.

Examples of Vendors
A manufacturer that turns raw material into a finished good is a vendor to
wholesalers and retailers that sell the product to a consumer. In turn, retailers are
a vendor for the end customer. For example, Target is a vendor for a person
looking for home appliances or other products.
Definition of a Commission Agent
A commission agent works for businesses of all sizes as a middleman between companies
and vendors. A person in this role can work in many industries, from real estate to sales and
entertainment, and in many parts of the world. A commission agent can also work for more
than one business at a time.

Commission agents serve as liaisons for companies by being the direct seller of a product or
service. To be a successful commission agent, you must be well versed in the product and
business you're representing, have a passion for what and who you're representing and a
solid reputation in your industry. A commission agent can assist businesses that have limited
budgets and those that wish for anonymity in the marketplace.

The Responsibilities of a Commission Agent

According to AllianceExperts.com, a commission agent's duties will vary depending on
the company the agent represents and the industry it's in. The less complicated the
product and service is, the more significant the commission agent's role is. A
commission agent can have various responsibilities including marketing research, lead
generation, cold calling, creating proposals, participating in sales negotiations and
closing, product delivery, and account management.

A person working in a commission agent's role will usually have a sufficient network of
contacts in the market and have substantial marketing experience for reaching a
targeted demographic. More importantly, the agent should be highly motivated and
enthusiastic in representing a product, service and brand.
What Is a Trader?

A trader is an individual who engages in the buying and selling of financial

assets in any financial market, either for themself or on behalf of another
person or institution. The main difference between a trader and an investor is
the duration for which the person holds the asset. Investors tend to have a
longer-term time horizon, while traders tend to hold assets for shorter periods
of time to capitalize on short-term trends.

What Is an Aggregator?
An aggregator is an entity that purchases mortgages from
financial institutions and then securitizes them into
mortgage-backed securities (MBSs). Aggregators can be
the issuing banks of the mortgages or subsidiaries within
the financial institutions themselves. They can also be
brokers, dealers, correspondents, or another type of
financial corporation. Aggregators earn a profit by
purchasing individual mortgages at lower prices and then
selling the pooled MBS at a higher price.