home/glossary/third party management

third party management

nounid 4407·updated May 9, 2026
candidate

An arrangement where a company will assume the day-to-day management of a property or package of properties it does not own for another company or institution in return for a fee.

MWE

Classifications

Entity Type

Process75%llm-generatedllm:claude-haiku-4-5

Sensitivity

Regulated70%llm-generatedllm:claude-haiku-4-5

Information Class

unclassified

Variants

synonym
management of third party
plural
third party managements
possessive
third party management's
pluralpossessive
third party managements'

Framework definitions

FFIEC Cybersecurity Assessment Tool, Baseline, May 20171 senseview framework →
§1
An arrangement where a company will assume the day-to-day management of a property or package of properties it does not own for another company or institution in return for a fee.

Outgoing relationships

No outgoing triples
This term is not the subject of any RDF-style relationship yet.

Incoming relationships

No incoming triples
No other term currently asserts a relationship to this one.