What is the meaninig of "arms length" phrease?

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It has nothing to do with anyones arm. It means that you or the person making the decision does not "have a dog in the fight" or a special interest that helps them make their decision.
It is referred to as an arms lenght transaction, meaning that noone involved will profit from the deal.
something thats very very close(in terms of distance)...symbolized by a distance as small as an arms length...check on the below link for a more appropriate and better explanation...
its a good explanation indeed.

hope this wud help
to avoid becoming connected with someone or something
Its a phrase that basically means keep things or a person at a distance. Or as far as your arms stretch.
not closely or intimately connected or associated; distant; remote: an arm's-length relationship.
To keep at arm's length is to avoid becoming connected with someone or something.

In a transaction between two related or affiliated parties that is conducted as if they were unrelated, so that there is no question of a conflict of interest. Or sometimes, a transaction between two otherwise unrelated or affiliated parties.
the distance between two people/parties is just about the length of one's arm...meaning keeping close, at a near distance

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