Third Party Ownership

Third Party Ownership,

What is The Definition of Third Party Ownership?

  • Third Party Ownership refers to An insurance policy that is administered by someone other than the insured. For example, if my wife applies for a policy for my life, she is the third owner. When I apply for a policy for myself, I am the first owner of this section.

Literal Meanings of Third Party Ownership

Third:

Meanings of Third:
  1. Do it at number three.

Sentences of Third
  1. Third century

Party:

Meanings of Party:
  1. A gathering of guests usually involving food, drink and entertainment.

  2. A formally formed political group that usually operates at the national level and campaigns for elections and seeks to form or participate in government.

  3. One or more people who are part of an agreement or dispute.

  4. Have fun at parties or other festive gatherings, usually with drinks and music.

  5. Divided into different colored parts.

Sentences of Party
  1. Engagement ceremony

  2. Dominant conservative parties

  3. Agreement between the two parties

Synonyms of Party

faction, have fun, group, association, grouping, get-together, coalition, enjoy oneself, bloc, celebrate, soirée, social gathering, jamboree, make merry, alliance, celebration, rave it up, have a wild time, carouse, have a good time, social occasion, caucus, camp, defendant

Ownership:

Meanings of Ownership:
  1. The right to act, state or something.

Sentences of Ownership
  1. Land ownership

Synonyms of Ownership

holding, freehold, proprietary rights, proprietorship, possession, right of possession, title