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Definitions from WordNet | ||||
Definitions from the WebTerm: arm's lengthDefinition: A phrase used to describe a relationship or a transaction where there is a sufficient distance or detachment between two parties, typically to ensure fairness and impartiality. Part of speech:
Sense 1 (Noun): Usage: In a legal context, arm's length refers to a transaction conducted between two parties who act independently and without any conflict of interest. Sample Sentence: The contract was negotiated at arm's length to guarantee a fair agreement for both parties involved. Sense 2 (Adjective): Usage: The arm's length approach is often adopted by governments to regulate businesses and prevent any undue advantage. Sample Sentence: The regulatory body emphasized the need for arm's length transactions between the company and its subsidiaries. Related Products on Amazon: | ||||
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