third-party insurance
Definitions
Banking
- noun (written as third party insurance)insurance to cover damage to any person who is not one of the people named in the insurance contract (that is, not the insured person nor the insurance company)
Law
- noun (written as third party insurance)insurance which pays compensation if someone who is not the insured person incurs loss or injury
Travel
- noun insurance which covers injury to or death of any person who is not one of the people named in the insurance contract
