related party
Definition
A party (individual or group) who is related in some way to the initial party. A related party could include a family member or relative, stockholder, or a related corporation.
Use related party in a sentence
“ The related party to the homeowner conducted the real estate sale as he had the power of attorney to do so. ”
“ Dylan was active with the protest groups in his neighborhood as well as a related party in the area where he worked. ”
“ The Internal Revenue Service will typically disallow the recognition of losses resulting from a transaction entered into with a related party. ”
