close family

close family
The family members of an individual, or members of the individual's household, who may be expected to influence, or be influenced by, that person in their dealings with an accounting entity, thus leading to related party transactions

Accounting dictionary. 2014.

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  • close — close1 W1S1 [kləuz US klouz] v ▬▬▬▬▬▬▬ 1¦(shut)¦ 2¦(move parts together)¦ 3¦(shut for period of time)¦ 4¦(stop operating)¦ 5¦(end)¦ 6 close an account 7¦(in money markets)¦ 8 close a deal/sale/contract etc 9¦(offer finishes)¦ …   Dictionary of contemporary English

  • close — close1 [ klouz ] verb *** ▸ 1 shut ▸ 2 when business stops ▸ 3 stop use of road etc. ▸ 4 end/finish ▸ 5 reduce distance ▸ 6 stop business relations ▸ 7 finish business deal ▸ 8 put fingers around something ▸ 9 have value at end of day ▸ 10 join… …   Usage of the words and phrases in modern English

  • close — I UK [kləʊz] / US [kloʊz] verb Word forms close : present tense I/you/we/they close he/she/it closes present participle closing past tense closed past participle closed *** 1) a) [intransitive/transitive] if you close something, or if it closes,… …   English dictionary

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  • close — vb 1 Close, shut are very close synonyms in the sense of to stop or fill in an opening by means of a closure (as a door, a gate, a lid, or a cover) and are often used interchangeably. However, they may have distinctive nuances of meaning and… …   New Dictionary of Synonyms

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