major party

noun
a political party with enough electoral strength to periodically gain control of the government or to effectively oppose the party in power.

Origin:
1945–50

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
In some ways he strikes me as a third-party hopeful who doesn't quite yet
  realize that he's not a good fit for either major party.
Customarily, the conference of each major party nominates a candidate whose
  name is placed in nomination.
Customarily, the caucus or conference of each major party first elects a
  candidate at early organizational meetings.
Customarily, the conference of each major party first elects a candidate at
  early organizational meetings.
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