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Arbitration clause
Arbitration clause Arbitration clause is a clause providing an alternative dispute resolution forum in charge of resolving differences between the parties without litigation. Each party appoints an arbitrator and the two arbitrators select a third arbitrator or umpire, and a majority decision of the three arbitrators is binding on the parties.
RELATED TERMS--------------------------------------
Arbitration A nonjudicial method of resolving disputes by selecting a neutral party to make a final determination.
SIMILAR TERMS--------------------------------------
Arbitrage Buying securities in one market and then selling them immediately in another market to make a profit on the price discrepancy.
Arbitration A nonjudicial method of resolving disputes by selecting a neutral party to make a final determination.
PREVIOUS AND NEXT TERMS--------------------------------------
Average total assets Calculated by adding the total assets of a company for the five most recent quarters and dividing by five.
Avigation easement An agreement that grants the right to fly airplanes over property, even if the practice causes damage, inconvenience, or loss of property value.
Avulsion The sudden tearing away of land, as by earthquake, flood, volcanic action or the sudden change in the course of a stream.
Awning windows Single-sash windows that tilt outward and up.
Add-on interest Add-on interest may be used on installment loans. Interest is calculated on the full amount of the loan for the entire loan period as though there were no periodic payments. This amount of interest is then added to the amount borrowed. The total is divided by the number of payments to determine the size of each payment.
Arbitration clause
Apartment An apartment or flat is a self-contained housing unit that occupies part of a building. Apartments may be owned by an owner-occupier or rented by tenants.
Accreation Accreation refers to the addition or the increase of land by the deposit of sand or soil washed up naturally from a river, lake or sea.
Acknowledgement Acknowledgement refers to the formal declaration that is made before a duly authorized officer (usually a public notary) by a person who has signed a document.
This dictionary contains 6433 terms. |
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