1 : a person other than the principals a third party to a divorce proceeding insurance against injury to third parties. 2a : a major political party operating over a limited period of time in addition to two other major parties in a nation or state normally characterized by a two-party system.
What is meant by the term 3rd party?
A third party is an individual or entity that is involved in a transaction but is not one of the principals and, thus, has a lesser interest in the transaction.
Why do we say third party?
In commerce, a “third-party source” means a supplier (or service provider) who is not directly controlled by either the seller (first party) nor the customer/buyer (second party) in a business transaction.
What is a third party in simple terms?
countable noun. A third party is someone who is not one of the main people involved in a business agreement or legal case, but who is involved in it in a minor role. You can instruct your bank to allow a third party to remove money from your account.
What is 2nd party and 3rd party?
Second party is someone related to the person (trainer/instructor/employer) declaring that the person is competent. Third party would require an entirely independent party to declare the person competent.
What are third parties Examples?
This section includes any party that has a left-liberal, progressive, social democratic, democratic socialist, or Marxist platform.
- African People’s Socialist Party.
- Communist Party USA.
- Freedom Socialist Party.
- Party for Socialism and Liberation.
- Peace and Freedom Party.
- Justice Party USA.
- Socialist Action.
What is another word for third-party?
synonyms for third party
- mediator.
- arbiter.
- arbitrator.
- minor party.
- third force.
- unbiased observer.
What is 1st party vs 3rd party?
First-party data is what you collect from your audience directly, via your own channels. Third-party data is collected by another entity that is entirely separate from your relationship with your audience. So these terms are about where data comes from — how it ends up in a marketer’s hands.
What is third party in law?
A person who is not a principal party. Often refers to someone who is not party to a dispute or agreement.
What is third party in a relationship?
According to experts, a third party is a person or group besides the couple, involved in a situation, especially a dispute. He or she can be either of the couples’ family members, friends, co-workers or neighbours.
Who is third-party owner?
Third Party Owner means any person who is the legal or beneficial owner (including a Lessor) of any Assets used or occupied by, or in the possession of the Deed Company as at the Appointment Date.
Who is a third-party in agency?
Third Party Agency means the any agency appointed by authority for monitoring/ evaluating/ making an assessment of the implementation of the Contract.
What does First party mean?
Adjective. first-party (not comparable) Of or relating to someone (a first party) directly involved in a given transaction, such as a buyer or seller. Of or relating to the plaintiff in a lawsuit.
What is first party and second party?
First-party refers to the insured individual, second-party is the insurance provider, and third party is the person towards whom damages are owed by the first-party in an accident.
What are second parties?
Second Party means the person, firm or company submitting a tender against the Invitation to Tender and includes his/ its/ their staff, consultants, parent and associate and subsidiary companies, agents, consortium and joint venture partners, sub-contractors, suppliers, sellers, buyers, customers etc, including heirs,
Is the Independent party a third party?
“Third party” is a term commonly used in the United States in reference to political parties other than the Democratic and Republican parties. An independent candidate is one not affiliated with any political party.
Who was the most successful 3rd party candidate?
In fact, Roosevelt ran one of the most successful third-party candidacies in history but was defeated by the Democrat (Woodrow Wilson) and the Progressive party quickly disappeared while the Republicans re-gained their major party status.
Is it third party or third party?
Hyphenating third party depends on how it is used. When third party is used as a modifier, it should be hyphenated. o The bill for the third-party vendor was past due. It would NOT be hyphenated when not used as a modifier. o The bill was sent to the third party for payment directly to the vendor.
What is a third party customer?
Third Party Customer means the ultimate recipient of the Products or Services, who does not contract directly with Us and includes, but is not limited to, any head contractors, Your related entities or Owners; Sample 1.
What is an external party?
External Party means any person or entity other than a Covered Individual who contributes to, engages in, or is affected by or concerned with any Fund-related Activity. An External Party may be an individual or an entity, and may include Counterparties; Sample 1.
What is third party training?
Third-party certification means that an independent organization has reviewed the manufacturing process of a product and has independently determined that the final product complies with specific standards for safety, quality or performance.
