THIRD PARTY is someone other than the principals directly involved in a transaction or agreement.
INCOME AFTER TAXES is the net profit earned by the company after deducting all expenses like interest, depreciation and tax. PAT can be fully retained by a company to be used in the business. Dividends, if declared, are paid to the share holders from this residue.
CAR is Certificate of Automobile Receivables; an asset backed security supported by automobile loan contracts.
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