third-party insurance

[ thurd-pahr-tee ]
/ ˈθɜrdˈpɑr ti /

noun

insurance that compensates for a loss to a party other than the insured for which the insured is liable.

Nearby words

  1. third world,
  2. third worlder,
  3. third-class,
  4. third-degree,
  5. third-degree burn,
  6. third-party software,
  7. third-rate,
  8. thirdhand,
  9. thirdly,
  10. thirdstream

Origin of third-party insurance

First recorded in 1900–05

Related formsthird-party insurer, noun

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019