/ɑrmz lɛŋθ trænzˈækʃən/ – Phrase
Definition: Giao dịch độc lập.
A more thorough explanation: a deal in which the parties act independently, each in their own self-interest and have no relationship to each other
Example: Mr. Coetzee, for the plaintiff, argued that this was not an arm’s length transaction, based upon the family relationship between the parties.