Topical Terminology  

       

Topical Terminology > Related Party Transaction



2 Definitions

Related Party Transaction

For Related Party Transaction we have terms and definitions in 2 topics. The topics are Accounting and Accounting Terms.



Related Party Transaction (Accounting)

Business or other transaction between persons who do not have an arm's-length relationship (e.g., a relationship with independent, competing interests). The most common is between family members or controlled entities. For tax purposes, these types of transactions are generally subject to a greater level of scrutiny.


Related Party Transaction (Accounting Terms)

Business or other transaction between persons who do not have an arm's-length relationship (e.g., a relationship with independent, competing interests). The most common is between family members or controlled entities. For tax purposes, these types of transactions are generally subject to a greater level of scrutiny.




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