What Is a Third-Party Beneficiary? A third-party beneficiary is a person or business that benefits from the terms of a contract made between two other parties. In law, a third-party beneficiary may have certain rights that can be enforced if the contract is not fulfilled. Understanding the Third-Party Beneficiary There are certain standards that need
What Is a Third-Party Distributor? A third-party distributor is an institution that sells or distributes mutual funds to investors for fund management companies. These entities generally have no direct relation to the fund itself. Partnerships between mutual fund companies and third-party distributors often come with various fees and provisions. Since they are independent of fund management companies
What Is the Third-Party Technique? The third-party technique is a marketing strategy used by public relations firms. It utilizes the media to propagate positive messaging about a client. The third-party technique may take many forms, but generally involves utilizing journalists to promote a company’s products or services under the guise of news coverage. Such coverage
What Is a Third-Party Transaction? A third-party transaction is a business deal that involves a person or entity other than the main participants. Typically, it would involve a buyer, a seller, and another party—the third party. The involvement of the third party can vary, based on the type of business transaction. In some cases, the
What Is the Third World? “Third World” is an outdated and derogatory phrase that has been used historically to describe a class of economically developing nations. It is part of a four-part segmentation that was used to describe the world’s economies by economic status. Third World falls behind First World and Second World but was
What Is Thirty-Year Treasury? A thirty-year treasury is a U.S. Treasury debt obligation that matures after 30 years. Key Takeaways Thirty-year treasury is a debt obligation backed by the U.S. Treasury that matures after 30 years.Thirty-year treasury bonds are among the world’s most widely followed fixed-income assets.Thirty-year treasury yields fluctuate based upon market demand and
Thomas C. Schelling was an economist and Nobel Laureate known for his research on conflict and cooperation through the application of game theory. Focusing on resolution and war avoidance, his ideas have influenced strategies on national security, the environment, and ethical issues in public policy and business. Schelling is remembered as one of the “founding
Thomas Robert Malthus was an influential British economist who is best known for his theory on population growth, outlined in his 1798 book An Essay on the Principle of Population. In it, Malthus argued that populations inevitably expand until they outgrow their available food supply, causing the population growth to be reversed by disease, famine
What Are the Three Black Crows? Three black crows is a phrase used to describe a bearish candlestick pattern that may predict the reversal of an uptrend. Candlestick charts show the day’s opening, high, low, and closing prices for a particular security. For stocks moving higher, the candlestick is white or green. When moving lower
What Do Three White Soldiers Mean? Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle’s real body and a close that exceeds the previous candle’s high. These
