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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:

1. The bank acted as the confirming party to ensure the authenticity of the transaction.
2. In international trade, a confirming party is often responsible for confirming a letter of credit.

Verb:

1. The lawyer confirming the party's identity before proceeding with the legal proceedings.
2. Before finalizing the deal, they will require the confirming party to authenticate the documents.

Possible Related Products on Amazon:

• Letter of Credit
• Legal Proceedings