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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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