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third party
(redirected from third-party payment)

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.04 sec.

A separate individual or organization other than the two principals involved. A third party is typically a company that provides an auxiliary product not supplied by the primary manufacturer to the end user (the two principals). Countless third-party add-on and plug-in products keep the computer industry advancing at a rapid pace. The third-party vendor is often the most innovative.



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