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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.
So what is an arm's length transaction? Turns out, it doesn't mean you're any less involved in buying or selling a home. In fact, this real estate term actually means you're going about the transaction in a fair and legitimate way. Let's dive into the details below. What is an arm's length transaction? In real estate, an arm's length transaction is when the buyer and seller each act in their own self-interest to try to get the best deal they can. In most sales, a seller is trying to make a large profit, while the buyer is trying to pay the least amount of money possible.