party to the transaction


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Noun1.party to the transaction - a party of people taking a role in legal proceedings
party, company - a band of people associated temporarily in some activity; "they organized a party to search for food"; "the company of cooks walked into the kitchen"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Each party to the transaction should review the client engagement letters entered into by the other party.
In the Ninth Circuit's opinion, the worst-case scenario would have occurred if no fewer than 11 events (including several remote contingencies) took place; if every party to the transaction breached all their commitments (i.e., the default and involvency of every party to the transaction), the financing corporation would call on the limited partners to make contributions to the extent of their personal liability on the Petunia-Venture note.
* A party to the transaction with certain very specific exceptions).