Meaning of “related party” in the English Dictionary

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"related party" in Business English

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related partynoun [ C ]

uk us

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)