Exchanges are privately held third-party online markets that link thousands of providers and buyers for on-the-spot transactions.
Third-party:
- A third party is a person who plays a modest role in a business transaction or legal dispute but is not one of the key players. You can give your bank instructions to permit a third party to withdraw money from your account.
- A third party is, in the opinion of experts, a person or group involved in a situation, particularly a dispute, other than the couple. He or she may be a family member, acquaintance, coworker, or neighbor of one of the couples.
- A third party has an interest in a deal but who is not a party to it (such as one who is a buyer from one of the parties, was present when the agreement was signed or made an offer that was rejected).
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