|
|
Third party |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Third partyThe person who claims against an insured person when loss or damage to property or injury has occurred as a result of the insured person's negligence.Similar MatchesThird party fire and theftThird party fire and theftSee: 'motor insurance'. Third marketThird marketExchange-listed securities trading in the OTC market. Third party insuranceThird party insuranceInsurance which covers against liability which the insured may incur to another person. Every driver in the UK has to be covered for third party motor insurance. If the you damage someone else's car, or injure someone, your third party insurance will pay for any damages you have to pay to the third party, but you will only be able to claim for damage to your own car if you have 'comprehensive' insurance. Third WorldThird WorldRefers to all less developed countries as a group. Term originated during the Cold War, when the "first world" was the developed capitalist countries and the "second world" was the communist countries, although these terms were seldom used. Third marketThird marketThe trading of exchange-listed securities in the over-the-counter market. |
|
|
|