Arm's length transaction
Arm's length transaction means a transaction in which the buyer and seller act independently and have no relationship to each other. The concept of an arm's length transaction allows the market to ensure that both parties in the deal are acting in their own self-interest and are not subject to any pressure or duress from the other party.
Source
7 CFR § 5001.3
Scoping language
The following definitions are applicable to the capitalized terms used in this part.