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{{Wiktionary|third party}}
{{Wiktionary|third party}}


In [[commerce]], a "''third-party source''" means a supplier (or [[service provider]]) who is not directly controlled by either the [[seller]] (first party) or the [[customer]]/[[buyer]] (second party) in a business [[Financial transaction|transaction]].<ref>{{Cite web|url=http://www.sp.se/EN/PRESS/GLOSSARY/Sidor/default.aspx|title=Glossary|last=|first=|date=|website=Rise Research Institutes of Sweden|archive-url=https://web.archive.org/web/20090213030328/http://www.sp.se/EN/PRESS/GLOSSARY/Sidor/default.aspx|archive-date=2009-02-13|dead-url=no|access-date=2018-07-28}}</ref> The third party is considered independent from the other two, even if hired by them, because not all control is vested in that connection. There can be multiple third-party sources with respect to a given transaction, between the first and second parties. A second-party source would be under direct control of the second party in the transaction.<ref name="Yale">"Definition - third party", Yale.edu, 2011, web:
In [[commerce]], a "''third-party source''" means a supplier (or [[service provider]]) who is not directly controlled by either the [[seller]] (first party) or the [[customer]]/[[buyer]] (second party) in a business [[Financial transaction|transaction]].<ref>{{Cite web|url=http://www.sp.se/EN/PRESS/GLOSSARY/Sidor/default.aspx|title=Glossary|last=|first=|date=|website=Rise Research Institutes of Sweden|archive-url=https://web.archive.org/web/20090213030328/http://www.sp.se/EN/PRESS/GLOSSARY/Sidor/default.aspx|archive-date=2009-02-13|dead-url=no|access-date=2018-07-28}}</ref> The third party is considered independent from the other two, even if hired by them, because not all control is vested in that connection. There can be multiple third-party sources with respect to a given transaction, between the first and second parties. A second-party source would be under direct control of the second party in the transaction.<ref name="Yale">
   [http://www.library.yale.edu/~llicense/definiti.shtml YLic],
"Definition - third party", Yale.edu, 2011, web:
   [http://www.library.yale.edu/~llicense/definiti.shtml YLic] {{Webarchive|url=https://web.archive.org/web/20110514051117/http://www.library.yale.edu/~llicense/definiti.shtml |date=2011-05-14 }},
   states: "not directly involved in the transaction".
   states: "not directly involved in the transaction".
</ref>{{Dead link|date=July 2018}}
</ref>


In [[Information Technology]], a "''third-party source''" is a supplier of software (or a computer accessory) which is independent of the supplier and customer of the major computer product(s).
In [[Information Technology]], a "''third-party source''" is a supplier of software (or a computer accessory) which is independent of the supplier and customer of the major computer product(s).

Revision as of 04:50, 18 May 2019

Template:Selfref Template:Wiktionary

In commerce, a "third-party source" means a supplier (or service provider) who is not directly controlled by either the seller (first party) or the customer/buyer (second party) in a business transaction.[1] The third party is considered independent from the other two, even if hired by them, because not all control is vested in that connection. There can be multiple third-party sources with respect to a given transaction, between the first and second parties. A second-party source would be under direct control of the second party in the transaction.[2]

In Information Technology, a "third-party source" is a supplier of software (or a computer accessory) which is independent of the supplier and customer of the major computer product(s).

There are other uses of the term "third-party source" as well.

See also

References

Template:Reflist

  1. Template:Cite web
  2. "Definition - third party", Yale.edu, 2011, web: YLic Template:Webarchive, states: "not directly involved in the transaction".