A transaction between unrelated parties.

is a transaction negotiated by unrelated parties, each acting in his/her own best interest. of Page || Bottom of Page Back-End Ratio: - total debt-to-income ratio. Total monthly obligations divided by gross monthly income. Monthly obligations include: mortgage payment, property taxes, insurance premiums, installment loans, and revolving debt.

A transaction between two unconnected parties that share no common interests or mutual goals.

a business deal made freely in an open market