trusted third party

A Dictionary of the Internet | 2001 | 598 words | Copyright

trusted third party An organization which interposes itself between two other entities who might themselves be individuals, companies, or other organizations. The two entities trust the third party to carry out some process which is in the best interests of all of them. For example, there are a number of trusted third parties who hold goods that are submitted for auction, check that they meet the description given by the goods' vendor, and only release the goods to the buyer and the funds to the vendor when the buyer has paid. Another example of this type of service is a KEY ESCROW service.

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DARREL INCE. "trusted third party." A Dictionary of the Internet. 2001. Encyclopedia.com. 10 Feb. 2012 <http://www.encyclopedia.com>.

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DARREL INCE. "trusted third party." A Dictionary of the Internet. 2001. Retrieved February 10, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O12-trustedthirdparty.html

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