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What does third-party mean?

Looking for the meaning or definition of the word third-party? Here's what it means.

Adjective
  1. Of or relating to a third party
  2. (video game) Of a video game, a character, etc. created or published by an independent video game publisher or its internal development teams, as opposed to first-party.
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Examples
Assignment results in the transfer from the assignor to the third-party assignee of the right to proceed directly against the debtor or obligor.
Opting for third-party insurance consistently knocks about a third off the cost of your premium.
And third-party agrarians, particularly sensitive to farm debt, chose currency inflation over the gold standard.
Many household insurance policies will include third-party liability, but may exclude sports activities.
Surely Claybourn isn't thinking of voting for a third-party candidate in order to salve his own political conscience.
He is calling on industry to take advantage of the benefits of the third-party program.

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