Legal Dictionary of Pakistan

temporary insider

A person or firm that receives inside information in the course of performing professional duties for a client. Generally, that person or firm is subject to the same proscriptions as an insider.2. One who takes part in the control of a corporation, such as an officer or director, or one who owns 10% or more of the corporation's stock. 3. Bankruptcy. An entity or person who is so closely related.to a debtor that any deal between them will not be considered an arm's-length transaction and will be subject to close scrutiny.