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Use "arm's-length" in a sentence
"That would resolve a claim made in February by hedge fund Aurelius Capital Management LP that intercompany borrowings weren't completed at a so-called "arm's-length basis," meaning they may not have been made in good faith."
""We believe the loans comply with the arm's-length requirement…and that no event of default has occurred," EFH said in a filing late Friday."
"This would violate an agreement that TCEH has with its lenders requiring all intercompany loans to be made on an "arm's-length basis," according to the letter, which was sent by Aurelius's attorney Dechert LLP to Citibank, TCEH's administrative loan agent."