related party transaction Meaning in the Cambridge English Dictionary
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Meaning of “related party transaction” in the English Dictionary

"related party transaction" in Business English

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related party transactionnoun [C]

uk   us  
FINANCE, WORKPLACE an ​agreement or ​arrangement between two ​companies or ​people that already have a ​businessrelationship, for ​example when a large ​company uses one of its ​shareholders to ​supplygoods or ​services: An ​investigation was ​launched into ​certainrelatedpartytransactions.
(Definition of related party transaction from the Cambridge Business English Dictionary © Cambridge University Press)
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