Legal Dictionary
Arbitration
Definition
The settlement of civil law disputes outside the general judicial institutions based on an arbitration agreement made in writing by the disputing parties, carried out by an independent arbiter/arbitrator or board.
Category
Banking & Finance
Example Sentence
- Example: In banking & finance discussions, the term “Arbitration” is frequently used.
Synonyms
No synonyms recorded.
Reference Source
-
General references: banking, finance, and capital markets
Inter-Term Relations
No relations recorded yet.