bill-to party
A person or company that receives the invoice for a delivery or service.
The bill-to party may not necessarily be the payer of the bill.http://help.sap.com/saphelp_glossary/en/index.htmship-to party
A person or company that receives goods.
The ship-to party may not necessarily be the sold-to party, the bill-to party, or the payer.
http://help.sap.com/saphelp_glossary/en/index.htmsold-to party
A person or company that places an order for goods or services.
The sold-to party can perform the functions of the payer, bill-to party, or ship-to party.
http://help.sap.com/saphelp_glossary/en/index.htm