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We found one dictionary that defines the word party and party costs:

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  1. party and party costs: Wiktionary

Definitions from Wiktionary (party and party costs)

noun:  The reasonable and necessary costs incurred by a party to a lawsuit, often in accordance with a scale of costs published by the court and excluding any work not necessary to resolve the case.
noun:  An award granted by a court requiring one party (normally the unsuccessful party in litigation) to pay another party the amount of party and party costs the latter incurred.

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