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The American Heritage Dictionary of Business Terms » related party transaction
related party transaction
related party transaction definition - business
related party transaction
A business deal between two parties when one of the parties has influence over the other. For example, a public corporation does substantial business with a firm owned by one of its directors. Related party transactions offer the possibility of a conflict of interest.
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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