Clear-Point Law, Practical Dictionary of Legal Terms
Home    Dictionary Index    

third party creditor beneficiary


definition of third party creditor beneficiary:

a party receiving the benefit of a contractual agreement for the purpose of discharging an obligation owed the beneficiary.

third party creditor beneficiary, as it might be used:

The judge ruled that the defendant could not be designated as a third party creditor beneficiary unless the plaintiff's performance of the contract extinguished the debt owed.
CURRENT LOCATION: Home > Law Dictionary > third party creditor beneficiary
ClearPointLaw.com is produced by Legal Franca Publishing


Terms of Use -  Contacts -  About Us -  How to Use this Site