Aggrieved Party: One whose legal right is invaded by an act(s) of another. The word aggrieved refers to a substantial grievance, a denial of some personal or property right, or the imposition upon a party of a burden or obligation.

 

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Aggrieved Party: One whose legal right is invaded by an act(s) of another. The word aggrieved refers to a substantial grievance, a denial of some personal or property right, or the imposition upon a party of . . . View Full Definition

Potentially Responsible Party (PRP): Any individual or company that is potentially responsible for or has contributed to a spill or other contamination at a Superfund site. Whenever possible, EPA requires PRPs to clean up sites . . . View Full Definition

Third Party Administrator (TPA): A company that provides administrative services to MCOs or self-funded health plans.

Third Party Originator: Third-party originators prepare loan applications for borrowers and submit the applications to lenders.

Third-Party Sexual Harassment: Harassment of an employee by someone other than another employee, such as a client, customer, vendor or service provider.

Party Wall Easement: A party wall can be an exterior wall on a building that straddles the boundary line between two lots, or it can be a commonly shared partition wall between two connected properties. Each lot . . . View Full Definition

Party: A group of players working together in an online game.

Captains Cocktail Party: Usually, the second night into a cruise, the captain will 'host' a shipboard cocktail party. All guests are invited (there may be several of these parties, each lasting approximately one hou . . . View Full Definition

Counterparty: In any financial contract, the persons or institutions entering the contract on the opposite sides of the transaction are called the counterparties. For example, if you sign a contract to se . . . View Full Definition

Counterparty Risk: Counterparty risk is the risk that the person or institution with whom you have entered a financial contract — who is a counterparty to the contract — will default on the obligation and fail . . . View Full Definition