Definitions from the Web
Confirming Party
Definition:
A confirming party refers to the individual or entity who verifies or validates a transaction or agreement on behalf of one or more parties involved.
Examples:
Noun:
- The bank acted as the confirming party to ensure the authenticity of the transaction.
- In international trade, a confirming party is often responsible for confirming a letter of credit.
Verb:
- The lawyer confirming the party's identity before proceeding with the legal proceedings.
- Before finalizing the deal, they will require the confirming party to authenticate the documents.
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