third party

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third party

a person who is involved by chance or only incidentally in a legal proceeding, agreement, or other transaction, esp one against whom a defendant claims indemnity

Third Party

 

in civil law, a participant in a proceeding who has a legal interest in the outcome of the dispute between the plaintiff and defendant. Soviet law distinguishes two categories of third parties.

The first type of third party makes an independent claim to the subject matter of the dispute. Such a third party may intervene in a case to protect his rights or lawful interest by filing a suit against one or both of the parties, on the same ground of action as the original suit. For example, in a dispute concerning the division of an inheritance among heirs by operation of law, an heir under the will may intervene, filing a suit to have himself recognized as having rights to all or part of the property to be inherited. Such a third party possesses all the rights and duties of the plaintiff and defendant.

The second type of third party does not make an independent claim to the subject matter of the dispute. Such a third party in tervenes in the case on the side of the defendant or plaintiff. The third party may be joined in the case on his own initiative, or he may be brought in on the initiative of the court or by the petition of the plaintiff, defendant, or procurator. For example, in a suit brought by a citizen against a motor vehicle transport organization to receive compensation for damage caused by a motor vehicle, the driver of the vehicle may participate in the case in the capacity of a third party on the side of the defendant. If the claim of the victim against the organization is satisfied, the organization may file an indemnity action against the driver. A third party of this type has most of the rights and duties of a plaintiff or defendant.

third party

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.
References in periodicals archive ?
For a third-party payment network, the network of payees must be unrelated to the settlement entity, the central organization with which accounts are established (Sec.
Berry's problem these days is finding another physician who shares his distaste for the third-party payment system enough to take a leap and join him in his clinic.
A simple analogy can be used to illustrate the impact of third-party payment on the growth rate of medical expenses.
To make third-party payment work, you have to price the package for the value the customers see -- not the value they add.
After nearly a decade of barbaric growth, the Central Bank has successively issued birth permits for third-party payment enterprises since May 2011.
The introduction of third party payment networks also known as MPSP (Mobile Payment Service Providers) would be of immense advantage since these third-party payment handing agents can work with many providers, rather than the closed networks.
Third-party payment schemes reinforce this environment of divergent incentives.
Tax-free medical savings accounts (MSAs), for example, allow people to manage their own health care budgets to a far greater extent than third-party payment systems permit.
WesPay Advisors provides customized consulting and risk management services to financial institutions, third-party payment organizations and businesses utilizing payment systems.
The company merging Okorder's technology of electrical business platform and its outsourcing services, with the advantage of CSA to the industrial chain, will be able to offer users with high-quality whole process service for foreign trade, including bidding management, third-party payment, customs clearance, logistics, supply chain, finance, credit insurance, trading and quality assurance, etc.
Some of the increases in surgical charges over past years have been the result of the usual and customary approach to third-party payment.