a transaction during which the parties deal from equal bargaining positions and stand upon the strict letter of the law or act in a formal manner on all exchanges. definition of arms length transaction defined arm's length transaction defined definition of arm's-length defined arms length defined
Legal slang meaning that there existed no special relationship between the parties involved in any matter which would taint the result.
Absence of personal relationship in business transactions where the buyer and the seller are not influenced by each other but dealings are set on equal bargaining strength
A transaction is at arm's length if the price is not affected by any relationship between the buyer and seller, or if there is no compensation or reimbursement other than price.
The relationship of the Canada Council to the Government of Canada. The Canada Council operates quasi-independently from the federal government. It sets policies and makes decisions within the terms of the Canada Council Act. These include programsâ€(tm) artistic criteria and funding amounts, but it follows governmental policies concerning Canadaâ€(tm)s official languages, human rights and other matters. The Canada Council is accountable to Parliament through the Minister of Canadian Heritage. See Parliamentary appropriation.
The act of dealing with a person who is not related or a relative but an independent third party. Whether or not persons deal with each other at arm's length in specific circumstances will be determined by the licensing authority. Back
Describes dealings between two parties who, amongst other things, are not related by blood or marriage and are presumed to have roughly equal bargaining power.
refers to the relative independence of various nondepartmental government bodies, including Crown corporations, regulatory commissions and administrative tribunals. These organizations are at "arm's length" from ministers to the extent that they possess statutory authorities and responsibilities separate from ministers. Ministers and the government possess limited but sufficient authority to maintain democratic control over the powers of the state and ultimate ministerial responsibility. For the administration of operations or for adjudicative decision-making ministers are kept at arm's length and do not intervene. These bodies report to Parliament through a designated minister on those matters for which they have authority and responsibility.
At a distance, not familiar or on friendly terms, not related by blood or marriage, effectively beyond the length of your arm.
An arm's length financial market is a market where there is less interaction between the one who is being financed and the one who does the financing.