| 单词 | arm's length |
| 释义 | arm's length 1) Denoting a transaction in which the parties to the transaction are or behave as if they are financially unconnected. For example, a transaction between two subsidiaries of the same parent organization could only be said to be at arm's length if it could be shown that the deal had been carried out at current market prices with no preference of any kind being shown in the trading terms. 2) Denoting a portfolio in which the owner is not aware of the transactions entered into or its asset composition. See: |
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