Definitions of "insider"
  1. An individual who holds a position of power or has the privilege to access confidential information
  2. Any person such as an officer, director, employee, family member, or significant shareholder, who has sufficient knowledge or influence over a company's operations
  3. An individual or organization with a close relationship with a debtor. This close proximity allows for the likelihood of non-standard transactions, which may require more rigorous review than those of independent parties
How to use "insider" in a sentence
  1. The company's financial details were leaked by an insider who had access to this confidential information.
  2. As the director and a significant shareholder, he was considered an insider and had strong influence over the company's decisions.
  3. The transactions between the debtor and the insider were thoroughly scrutinized due to their close relationship.

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