Third party: Difference between revisions
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2. ''Law - contract - legal proceedings - agreements - other arrangements - adjective.'' | 2. ''Other situations - noun.'' | ||
Any person, group, organisation or other entity not primarily involved in a situation between two other people, groups, organisations or other entities. | |||
3. ''Law - contract - legal proceedings - agreements - other arrangements - other situations - adjective.'' | |||
Relating to such a person or entity. | Relating to such a person or entity. | ||
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== See also == | == See also == | ||
* [[Contract]] | * [[Contract]] | ||
* [[Duty of care]] | * [[Duty of care]] | ||
* [[Ethics]] | * [[Ethics]] | ||
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* [[Law]] | * [[Law]] | ||
* [[Multibank reporting]] | * [[Multibank reporting]] | ||
* [[Party]] | * [[Party]] | ||
* [[Principal]] | * [[Principal]] | ||
* [[Related party]] | * [[Related party]] | ||
Latest revision as of 02:50, 25 December 2021
1. Law - contract - legal proceedings - agreements - other arrangements - noun.
A person or other entity not directly involved in a contract, transaction or legal proceedings.
2. Other situations - noun.
Any person, group, organisation or other entity not primarily involved in a situation between two other people, groups, organisations or other entities.
3. Law - contract - legal proceedings - agreements - other arrangements - other situations - adjective.
Relating to such a person or entity.
Often written third-party.
For example, KY3P refers to knowledge and understanding of third-party risk in relation to transactions.
Third parties would include, for example, suppliers as well as customers.
