Usually means: Not first or second choice.
Definitions Related words Mentions
We found 5 dictionaries that define the word third best:

General (4 matching dictionaries)
  1. third-best: Merriam-Webster
  2. third best: Oxford Learner's Dictionaries
  3. third-best: Wordnik
  4. third best: Wiktionary

Business (1 matching dictionary)
  1. Third best: Deardorff's Glossary of International Economics

Definitions from Wiktionary (third best)

adjective:  (economics) Characterized by being a third best in the below sense.
noun:  (economics) A second best that is second best relative to a situation that is itself a second best.

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