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API, an abbreviation of application program interface, is a set of routines, protocols, and tools for building software applications. The API specifies how software components should interact and are used when programming graphical user interface (GUI) components.
An application programming interface (API) is a set of requirements and regulations governing partial access to system or program. First Party APIs are APIs made by 1st parties and Third Party APIs are API made by 3rd parties. Third party APIs are APIs provided by third parties - generally companies such as Facebook, Twitter, or Google - to allow you to access their functionality via JavaScript and use it on your own site.