THIRD PARTY Definition

Bookmark and Share

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

Learn new Accounting Terms

ABSOLUTE CHANGE is a numerical change in an empirical value, e.g. cost of goods was reduced by $9.00.

CAPITAL INTENSIVE is used to describe industries or sectors of the economy that require large investments in capital assets to produce their goods, such as the automobile industry. These firms require large profit margins and/or low costs of borrowing to survive.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.