Let $M$ be a smooth manifold and suppose that we have three (or more) submanifolds $N_1,N_2,N_3\subset M$.
What is the right notion of "transverse intersection" of $N_1,N_2,N_3$, i.e. what is the (weakest) condition such that $$N_1\cap N_2\cap N_3\subset M $$ a submanifold of codimension $$codim (N_1\cap N_2\cap N_3)=\sum_{i=1}^3codim N_i \quad? $$ I think that pairwise transverse intersection $$\forall i\neq j: N_i\pitchfork N_j $$ is not enough.
Relevant references are also appreciated.
Let $\{i,j,k\} = \{1,2,3\}$ then the simplest thing I can think of is that
$N_i$ and $N_j$ intersect transversely, and $N_k$ transversely intersects $N_i \cap N_j$.
Here's a slightly weaker condition. The statement that two manifolds $N_1, N_2 \subset M$ intersect transversely is equivalent to saying that the product inclusion $N_1 \times N_2 \to M \times M$ transversely intersects the diagonal $\Delta_M = \{ (p,p) : p \in M \} \subset M \times M$.
So you could ask, does the product inclusion $$ N_1 \times N_2 \times N_3 \subset M \times M \times M$$ transversely intersect the diagonal $$\Delta^3_M = \{(p,p,p) : p \in M \} \subset M^3 ? $$
That also gives you the result you're looking for.