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English definition of “related party”

related party

noun [C]
 
 
FINANCE, WORKPLACE a person or company, for example a shareholder or a company in the same business group, that is connected to the person or company previously mentioned and that often has some control or influence over that person or company: The company has been accused of artificially boosting sales by doing deals with "related parties".
(Definition of related party from the Cambridge Business English Dictionary © Cambridge University Press)
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