(clothing, of a dress) Having a hemline that is below the knees and above the ankle.

(business) The price at which an interested purchaser and an interested seller would freely agree to transact or to trade between related parties, but conducted as if they were unrelated, to ensure that there is no ensuing conflict of interest.

plural of arm's length price

plural of arm's length transaction

(business) A transaction in which the purchaser and sellers of a product act independently and share no relationship with each other.