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Third-party payment is a processor that enables you to receive payments from your customers online. The plus point of having a Third-party payment processor is that you do not need to set up your own merchant account with a bank and you can still receive payments.
Third party means any person (including companies, partnerships, legal entities, churches, governmental authorities and agencies) who is not a party to the agreement.
Third Party Billing (Contract) is the process whereby Temple University bills an outside organization/company for all or a portion of a student's tuition and/or fees.
A third party authorization form says to your mortgage company that you allow a third party to receive information about you and your mortgage. It may allow the third party to take actions for you. There is no single form used by every mortgage company.
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 when the agreement was signed or made an offer that was rejected).