Transaction Integrity

Arm's-Length Transaction
An arm's-length transaction refers to a deal where the parties involved act independently and in their own self-interest, ensuring fairness and equal standing for all involved.
Security
Security refers to various forms of assurances provided to lenders or measures taken in financial and e-commerce contexts to ensure the integrity, privacy, and authenticity of transactions or assets.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.