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.
third-party beneficiary. Definition. A person who is neither a promisor nor promisee in a contractual agreement, but stands to benefit from the contractâs performance. A third-party beneficiary may legally enforce that contract, but only after his or her rights have already been vested (either by the contracting partiesâ assent or by justifiable reliance on the promise).