An entity other than the owner and verifier that is trusted by the owner, the verifier or both to provide certain services.
Source(s):
NIST SP 800-89
A third party, such as a CA, that is trusted by its clients to perform certain services. (By contrast, the two participants in a key-establishment transaction are considered to be the first and second parties.)
Source(s):
NIST SP 800-56B Rev. 2
under Trusted third party