Equity, Reading 44, What does "at arm's length" mean? arm, buyer, expressed, property, between

SkipE99

p. 637
Fair market value: the price expressed in terms of cash equivalents, at which a property (asset) would change hands between a hypothetical willing and able buyer and seller, acting “at arm’s length?”
what does “at arms length” mean?

amqata

Seller and buyer have negotiated a price where neither of the parties were coerced to undertake the transaction.