third party (under a liability insurance policy)

  • A person, not a party to the insurance contract, who has an alleged or actual right of action for injury or damage against the person insured under the policy.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).