A Party is a representation of a client. A Client can have multiple Parties representing it. A Party can only represent one Client. Euroclear Clearing and Settlement glossary

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party par‧ty [ˈpɑːti ǁ ˈpɑːrti] noun parties PLURALFORM [countable]
1. LAW the people or group of people involved in a legal case, argument, agreement etc:

• It is difficult to obtain a ruling from the court if the other party contests (= officially disagrees with ) the decision.

• copies of relevant correspondence between the parties

2. third party LAW when two people are involved in a legal case, a third party is anyone who is not directly involved but might be affected by it:

• Touche Ross was criticised for not allowing third parties to see their report.

• Switch from comprehensive to third party insurance (= insurance covering anyone affected by an accident, as well as the person who takes out the insurance ) if your car's value has fallen.

3. an organization whose members share the same political beliefs and aims and which tries to get elected to government. The word `party' is often used in the name of the organization:

• India's Bharatiya Janata Party

— see also concert party, working party

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party UK US /ˈpɑːti/ noun (plural parties)
[C] one of the people or groups of people involved in an official disagreement, arrangement, or similar situation: »

Both parties were happy with the result of the negotiations.

[C] a group of people who are involved in an activity together, especially a visit: »

A party of college students is visiting the factory today.


Our restaurants offer a discount of 10% to parties of 10 or more.


There will be 8 people in our party, so we'll need to book a table.

[C] a social event where a group of people meet to talk, eat, etc., often in order to celebrate a special occasion: »

We're having a farewell party for the sales manager.

have/throw/give a party »

They're going to throw a party to celebrate a great year.

[C] POLITICS an organization of people with particular political beliefs which competes in elections for positions in local or national government: »

a political party


the governing/ruling/opposition party


the Democratic/Green/Conservative Party


He was elected as party leader in 2011.

See also CHARTER PARTY(Cf. ↑charter party), CONCERT PARTY(Cf. ↑concert party), INTERESTED PARTY(Cf. ↑interested party), NON-PARTY(Cf. ↑non-party), RELATED PARTY(Cf. ↑related party), THIRD PARTY(Cf. ↑third party), WORKING PARTY(Cf. ↑working party)

Financial and business terms. 2012.

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Look at other dictionaries:

  • party — par·ty n pl parties 1 a: one (as a person, group, or entity) constituting alone or with others one of the sides of a proceeding, transaction, or agreement the parties to a contract a person who signed the instrument as a party to the instrument… …   Law dictionary

  • Party — Par ty (p[aum]r t[y^]), n.; pl. {Parties} (p[aum]r t[i^]z). [F. parti and partie, fr. F. partir to part, divide, L. partire, partiri. See {Part}, v.] 1. A part or portion. [Obs.] The most party of the time. Chaucer. [1913 Webster] 2. A number of… …   The Collaborative International Dictionary of English

  • party — n. m. (Québec) d1./d Fête. Party de famille, de bureau. Party d huîtres, de hot dogs, où l on mange des huîtres, des hot dogs. d2./d Loc. Fam. De party: qui aime faire la fête, qui met de l ambiance dans un party (sens 1). Une fille de party.… …   Encyclopédie Universelle

  • party — [pärt′ē] n. pl. parties [ME partie < OFr < partir, to divide < L partiri < pars,PART1] 1. a group of people working together to establish or promote particular theories or principles of government which they hold in common; esp., an… …   English World dictionary

  • party — ► NOUN (pl. parties) 1) a social gathering of invited guests. 2) a formally organized political group that puts forward candidates for local or national office. 3) a group of people taking part in an activity or trip. 4) a person or group forming …   English terms dictionary

  • Party — Par ty, a. [F. parti divided, fr. partir to divide. See {Part}, v., and cf. {Partite}.] 1. (Her.) Parted or divided, as in the direction or form of one of the ordinaries; as, an escutcheon party per pale. [1913 Webster] 2. Partial; favoring one… …   The Collaborative International Dictionary of English

  • Party — Sf gesellige Feier erw. fremd. Erkennbar fremd (20. Jh.) Entlehnung. Entlehnt aus ne. party, dieses aus frz. partie mit ähnlicher Bedeutungsspezialisierung wie bei Landpartie usw.    Ebenso nndl. party, nschw. party, nnorw. party. ✎ Rey… …   Etymologisches Wörterbuch der deutschen sprache

  • party — [n1] social gathering affair, amusement, at home*, ball, banquet, barbecue, bash*, blowout*, carousal, carousing*, celebration, cocktails, coffee klatch, coming out, dinner, diversion*, do*, entertainment, feast, festive occasion, festivity, fete …   New thesaurus

  • Party 7 — Données clés Réalisation Katsuhito Ishii Scénario Katsuhito Ishii Acteurs principaux Masatoshi Nagase Keisuke Horibe Yoshinori Okada Pays d’origine …   Wikipédia en Français

  • party — party; coun·ter·party; mul·ti·party; party·er; …   English syllables

  • party — occurs in informal and jocular contexts as a synonym for ‘person’: • June had taken Imogen from her ‘what a stout little party’ and settled down for the interview with Imogen on her knee Joanna Trollope, 1990. This usage is an affectation derived …   Modern English usage

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