arm's length transaction

arm's length transaction definition - business

arm's length transaction

A transfer of property between a willing buyer and a willing seller with no coercion or advantage being taken by either party. An arm's length transaction is most likely to result in a fair price to both the buyer and the seller.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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