RELATED PARTY TRANSACTION DefinitionRELATED PARTY TRANSACTION is an interaction between two parties, one of whom can exercise control or significant influence over the operating policies of the other. A special relationship may exist, e.g. a corporation and a major shareholder....
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. The...
Learn about related-party transactions. Understand what a related-party transaction is, read a definition of related parties, and see the types of...
ThesaurusAntonymsRelated WordsSynonymsLegend: Switch tonew thesaurus Noun1.party to the transaction- a party of people taking a role in legal proceedings party to the action party,company- a band of people associated temporarily in some activity; "they organized a party to search for food"; "th...
After giving effect to the execution and delivery of the Loan Documents and the other Related Transaction Documents and the making of the Loans under this Agreement and the consummation of the other Related Transactions, the Borrower is, and the Borrower and its Subsidiaries, on a consolidated bas...
The Borrower shall not, and shall not permit any of its Subsidiaries to, amend or otherwise modify, or waive any rights under, the Management and Services Agreement, the Cost Sharing Agreement or the Platform Contribution Transaction License Agreement to which such Person is a party in any manne...
undertaking of a transaction, legal or commercial agreement," from contrac-, variant stem of contrahere "to draw together, reduce in size, bring together, enter into (an agreement, formal relationship), bring about, catch (an illness)" + -tus, suffix of action nouns — more at contract en...
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How Do I Cancel a Pending Transaction? Pending transactions are those that have been made but aren't posted to your account. These include payments, purchases, pre-authorized debits, and any other related transactions. Purchases made with a debit or credit card are held for a certain period ...
A third-partytransactionis a business deal that involves a person or entity other than the main participants. Typically, it would involve a buyer, a seller, and another party—thethird party. The involvement of the third party can vary, based on the type of business transaction. ...