Sodium dodecyl sulfate, synonymously sodium lauryl sulfate (or laurilsulfate; SDS or SLS, respectively), is a synthetic organic compound with the formula CH3(CH2)11SO4Na. It is an anionic surfactant used in many cleaning and hygiene products. The sodium salt is of an organosulfate class of organics. It consists of a 12-carbon tail attached to a sulfate group, i.e., it is the sodium salt of dodecyl hydrogen sulfate, the ester of dodecyl alcohol and sulfuric acid.
Third-Party Transaction. What is a 'Third-Party Transaction'. A third-party transaction is a business deal involving a buyer, a seller and a third party. The third party's involvement varies with the type of business transaction. For example, an online payment portal, such as PayPal, acts as a third party in a retail transaction.
DEFINITION of 'Garnishment'. A legal process whereby payments towards a debt owed by an individual can be paid by a third party-which holds money or property that is due to the individual-directly to the creditor. The third party in such a case is generally the individual's employer and is known as the garnishee.EFINITION of 'Garnishment'. A legal process whereby payments towards a debt owed by an individual can be paid by a third party-which holds money or property that is due to the individual-directly to the creditor. The third party in such a case is generally the individual's employer and is known as the garnishee.