At arm's length definitions
| Word backwards | ta s'mra htgnel |
|---|---|
| Part of speech | The part of speech for "at arm's length" is a prepositional phrase. |
| Syllabic division | at arm's length Syllable separation: at / arm's / length |
| Plural | The plural of the phrase "at arm's length" is "at arm's lengths." |
| Total letters | 12 |
| Vogais (2) | a,e |
| Consonants (8) | t,r,m,s,l,n,g,h |
When two parties engage in a transaction or business deal "at arm's length," it means they are operating independently, without any special relationship or conflict of interest that could affect the outcome. This term is commonly used in the context of legal, financial, and business transactions to ensure fairness and transparency.
Importance of at Arm's Length Transactions
By conducting transactions at arm's length, parties can demonstrate that they are acting in good faith and not taking advantage of each other. This is especially important in business dealings, where conflicts of interest or insider information could compromise the integrity of the transaction. It also helps to establish a fair market value for goods or services exchanged, as both parties are acting independently.
Legal Implications
In legal terms, transactions conducted at arm's length are considered valid and legitimate. This is crucial in situations where the validity of a contract or agreement may be called into question. Courts and regulatory bodies often look for evidence that parties were acting at arm's length to determine the fairness and legality of a transaction.
Financial Transactions
When it comes to financial transactions, such as loans or investments, operating at arm's length helps to mitigate risk and ensure compliance with regulations. Lenders and investors need to show that they are not giving preferential treatment to borrowers or companies with whom they have a close relationship. Keeping transactions at arm's length protects all parties involved.
Transparency and accountability are key principles when conducting business at arm's length. By maintaining independence and avoiding conflicts of interest, parties can uphold their integrity and credibility in the eyes of regulators, stakeholders, and the public. This practice fosters trust and confidence in the business environment.
Overall, operating at arm's length is a fundamental principle that underpins ethical business practices and legal compliance. It ensures fairness, transparency, and integrity in transactions, which is essential for building trust and maintaining strong relationships in the business world.
At arm's length Examples
- She kept the angry dog at arm's length to avoid getting bitten.
- The manager wanted to keep a difficult customer at arm's length.
- He held the fragile antique vase at arm's length to inspect it closely.
- The new employee felt nervous and kept her colleagues at arm's length.
- The strict teacher always kept his students at arm's length to maintain discipline.
- The politician tried to keep the media at arm's length during the scandal.
- She preferred to keep her personal life at arm's length from her colleagues.
- The shy child kept strangers at arm's length until he felt comfortable.
- The CEO kept the company's finances at arm's length from the public.
- He decided to keep his ex-girlfriend at arm's length after their breakup.