THIRD PARTY Definition

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THIRD PARTY is someone other than the principals directly involved in a transaction or agreement.

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DIVIDEND COVER see DIVIDEND PAYOUT RATIO.

MATURITY VALUE, in securities, is the amount that will be received at the time a security is redeemed at its maturity. For most securities, maturity value equals par value; in insurance, it is the amount payable under a whole life insurance policy if the insured person lives to the last age on the mortality table on which the values of the contract were based.

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