third party noun - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “third party”

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third party

noun [C, usually singular]
 
 
LAW a third person or organization less directly involved in an activity or in a legal case than the main people or organizations that are involved: 30% of the units that we sell are actually sold by third parties. Shareholders may authorize a third party, such as a bank or employer, to make investments directly to their Fund accounts. In road accident cases, the plaintiff can bring a third party in as a second defendant.
INSURANCE in an insurance contract, a person who is not the insurance company or the insured person, but who will receive money if they suffer loss or damage caused by the insured person: The policyholder is covered if they cause injury or damage to a third party.
Translations of “third party”
in Chinese (Traditional) 第三人, 協力廠商, 第三者…
in Russian третье лицо, третья сторона…
in Turkish üçüncü kişi…
in Chinese (Simplified) 第三人, 第三方, 第三者…
in Polish osoba trzecia lub postronna…
(Definition of third party noun from the Cambridge Business English Dictionary © Cambridge University Press)
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