third way

Short definition from Wiktionary

Noun

1. 1
   An approach or solution which strives for an alternative to or middle ground between two opposing viewpoints.
2. 2
   An ideology which seeks to find middle ground between right- and left-wing politics, associated during the 1990s with various centre-left political parties in Europe, North America, and Australia.
3. 3
   Used other than figuratively or idiomatically: see third, way.
4. 4
   Alternative letter-case form of third way.