Difference between party and service

Hi,
   I know  when we are going to  party and service (Normally party means. when we are doing Business to Business ) but what is exact difference  between party and service.. and if possible  definitions  also..
Thanks
Babu.

Babu,
Refer to url http://help.sap.com/saphelp_nw04/helpdata/en/87/1d6e3fefa13042e10000000a114084/frameset.htm
An excerpt
Services without a party are typically used when configuring company-internal processes. Parties (with assigned services) are typically used when configuring cross-company processes.
Also refer to one of your previous forum questions and my response Re: Business System and Business Service Posted: Nov 28, 2007 4:31 PM in response to: BABU
You usually use business system services when configuring internal company processes.
You usually use business services when configuring cross-company processes. In this case, you only make your interfaces known to the business partners involved and either do not make any details about your own system landscape available, or only specific details.
Hope this helps,
Mike

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