third-party contract

third-party contract
See third-party beneficiary contract.

Ballentine's law dictionary. . 1998.

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  • third party — The party that is a customer of either a direct or indirect system member. It is not known by the system transaction administrator, and does not have any liability nor rights, vis à vis the system. Euroclear Clearing and Settlement glossary * * * …   Financial and business terms

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