arm's length principle
C1CEFR level
65/100Rarity: rare
TechnicalRegister
The standard requiring that intra-group transactions be priced as if the parties were independent and dealing on open-market terms.
The pricing failed the arm's length principle because no unconnected buyer would have paid such a royalty.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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