In business, a related party transaction is a transaction that takes place between two parties who hold a pre-existing connection prior to the transaction.
a party of people taking a role in legal proceedings.
Define party to the transaction. party to the transaction synonyms, party to the transaction pronunciation, party to the transaction translation, English dictionary ...
b. Law A person or entity that participates in a transaction, makes a contract, or is involved in a lawsuit as a litigant. 5. a. A subscriber to a telephone party line. b.
Define party: a person or group taking one side of a question, dispute, or contest — party in a sentence. ... a party to the transaction .... Law Dictionary ...
Definition of PARTY: A person concerned or having or taking part in any affair, matter, transaction, or proceeding, considered individually. See PARTIES.
third party. n. a person who is not a party to a contract or a transaction, but has an involvement (such as one who is a buyer from one of the parties, was present ...
3) a common reference by lawyers to people or entities involved in lawsuits, transactions, contracts or accidents, as in "both parties knew what was expected," ...
Third party definition, any party to an incident, case, quarrel, etc., who is incidentally ... or other transaction, esp one against whom a defendant claims indemnity.