What is an example of a third party?

An example of a third party would be the escrow company in a real estate transaction; the escrow party acts as a neutral agent by collecting the documents and money that the buyer and seller exchange when completing the transaction. A collection agency may be another example of a third party.

What is an example of a third party?

An example of a third party would be the escrow company in a real estate transaction; the escrow party acts as a neutral agent by collecting the documents and money that the buyer and seller exchange when completing the transaction. A collection agency may be another example of a third party.

What does third party financing mean?

pursuant to definitive binding agreements

What does sold to 3rd party mean?

What Is a Third-Party Transaction? A third-party transaction is a business deal that involves a person or entity other than the main participants. Typically, it would involve a buyer, a seller and another party, the third party. The involvement of the third party can vary, based on the type of business transaction.

Why do they call it third party?

It’s a term that’s often used in Windows-centric development: the first and second parties are me (or you), and Microsoft; and the third party is anyone else: Sometimes it means the customer or end user (e.g. “if we get a ‘redistributable’ from Microsoft, that means that we can redistribute it to ‘third parties'”)

What were the political parties in 1790?

It featured two national parties competing for control of the presidency, Congress, and the states: the Federalist Party, created largely by Alexander Hamilton, and the rival Jeffersonian Democratic-Republican Party, formed by Thomas Jefferson and James Madison, usually called at the time the Republican Party (note: …

Who is a 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.

What does third party app mean?

What’s a third-party application? A third-party app is a software application made by someone other than the manufacturer of a mobile device or its operating system. For instance, app development companies or individual developers create a lot of applications for Apple’s or Google’s operating systems.

What does third party mean in insurance?

What is third-party car insurance? Third-party car insurance is the minimum legal level of cover needed to drive a car. It covers you if you damage someone else’s property or injure them while driving, and will cover your passengers too.