Wordevoll Posted 18 years ago
How can I interpret arm's lenght in this context?:
Business & Finance
arm's lenght (?)
How can I interpret arm's lenght in this context?:
e.g. 1
"....all revenue received by the Payor in such month from arm’s length purchasers of mineral products...."
e.g. 2
"....otherwise constituting a Permissible Deduction is incurred by the Payor in a transaction with a party with whom it is not dealing at arm’s length...."
(Canada)), such
Do you have a synonym?
Thank you ever so much for helping me.
A.
Top answer
Arm's length transaction A transaction between two related or affiliated parties that is conducted as if they were unrelated, so that there is no question of a conflict of interest . Or sometimes, a transaction between two otherwise unrelated or affiliated parties.
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
0
Arm's length transaction
A transaction between two related or affiliated parties that is conducted as if they were unrelated, so that there is no question of a conflict of
A transaction between two related or affiliated parties that is conducted as if they were unrelated, so that there is no question of a conflict of
0