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related party transactions |
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related party transactions A business deal, transaction, or conveyance among parties that have a special relationship with each other, either through family ties, related corporations, or other possibilities. Related party transactions require certain regulatory disclosures in order to avoid the appearance (or the actuality) of wrongful insider conduct.In addition,the IRS disallows or limits tax benefits if the underlying transaction is between related parties, because of the possibility of manipulation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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