[ thurd-pahr-tee ]
/ ˈθɜrdˈpɑr ti /
insurance that compensates for a loss to a party other than the insured for which the insured is liable.
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What does “clement” mean?
Origin of third-party insurance
First recorded in 1900–05
OTHER WORDS FROM third-party insurancethird-party insurer, noun
Words nearby third-party insurance
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020