Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of third party

Definition of

third party

Legal

person other than two main parties to contract a person other than the two main parties involved in a contract, for example, in an insurance contract, anyone who is not the insurance company nor the person who is insured

Recommended Further Reading (Term count)
  • Using Shareholder Value Analysis
    This checklist outlines how shareholder value analysis (SVA) is used.
  • Intellectual Property—Registered Designs and Trademarks
    This checklist offers an overview of intellectual property, with a particular focus on designs and trademarks.
  • How and When to Use Nonrecourse Financing
    by Thomas McKaig
    When companies are negotiating loans from lenders, there are many clauses that are important points for negotiation over and above the amount of the loan and interest charged. These items can include assignment of the loan (on the part of either the borrower or the lender), future fund advances, and prepayment capability. Another key clause is the nonrecourse clause, under which the lender agrees not to hold the borrower (the company) liable in...
  • Exchange Rate Risk
    The risk of a gain or loss in the value of a business activity or investment that results from changes in the exchange rates of world currencies.

Definitions of ’third party’ and meaning of ’third party’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’third party’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top