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1. an arm and a leg, a great deal of money: to cost an arm and a leg. 2. arm in arm, with arms linked together or intertwined: They walked along arm in arm. 3. at arm's length, on terms lacking in intimacy; at a distance: to keep business associates at arm's length. 4. in the arms of Morpheus, asleep.5. put the arm on, Slang. a. to solicit or borrow money from.. arm in arm, with arms linked together or intertwined: They walked along arm in arm. 3. at arm's length, on terms lacking in intimacy; at a distance: to keep business associates at arm's length. 4. in the arms of Morpheus, asleep. 5. put the arm on, Slang.
In this article weâll discuss: 1  What makes a transaction armâs length, and why people care. 2  What types of relationships may cause an entity to characterize the transaction as non-armâs length. 3  Examples of when non-armâs length transactions are either subject to increased scrutiny, special treatment or disqualification.