What are the expenses between two parties in a transaction without a third party called?

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In the context of real estate transactions, the term that describes the expenses between two parties without the involvement of a third party is known as "double entries." This terminology typically pertains to accounting practices where each transaction involves two corresponding entries that reflect the parties' debts and credits.

In a transaction involving just two parties, such as a buyer and a seller, the expenses or financial transactions can be recorded as double entries to accurately represent the financial relationship and exchanges occurring between them. These entries are essential for maintaining clear financial records and ensuring that both parties are aware of their financial obligations and benefits resulting from the transaction.

The other options do not describe this concept correctly. For instance, single entries refer to a method of bookkeeping where only one side of a transaction is recorded, which does not reflect the full scope of expenses or liabilities between the parties involved. Fee entries would typically relate to charges imposed for services and not specifically to entries reflecting mutual transactions. Equitable entries might imply a form of fairness or balance in transactions but do not specifically relate to the financial recording of expenses between parties in a transaction context.

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