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Word: third party (lookup usage) (lookup stats)


Meaning:

Noun:

  • a political party in opposition to the main parties in a two-party system
  • someone not directly involved in a transaction. A third entity in the Seller (first party) and Customer (second party) relationship. A Seller may employ a third party to perform specific services to augment the value of a product. For example, a manufacturer may employ a third party to pack and distribute a product. A computer manufacturer may augment their product with software from a third party supplier

Source: Wiktionary | Src Info »