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Topical Terminology > Arbitration



28 Definitions

Arbitration

For Arbitration we have terms and definitions in 28 topics. The topics are Advocacy, Auto Insurance, Canadian Law, Car Insurance, Computer Hardware, Customs, Divorce, Domain Names, Financial, Franchise, Frauds and Scams, Hard Drive Recovery, Health Insurance, Insolvency, Insurance, Law, Legal, Non-Profit Governance, Non-Profit Leadership, Personal Injury Law, Political, RAID Drive Recovery, Real Estate, SCSI, Sanitation, Securities, Securities Fraud and Trademark.



Arbitration (Advocacy)

A procedure used in conflict resolution through which a third party neutral arbitrator examines facts in a hearing and renders a decision. See also:Arbitrator, Mediation


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Arbitration (Auto Insurance)

A method of arriving at an acceptable agreement between two disputing parties. An independent person or body, often a member of the Institute of Arbitrators, listens to the arguments of both parties and then makes a decision which is binding on all concerned.


Arbitration (Canadian Law)

A alternative dispute resolution method by which an independent, neutral third person ("arbitrator") is appointed to hear and consider the merits of the dispute and renders a final and binding decision called an award. The process is similar to the litigation process as it involves adjudication, except that the parties choose their arbitrator and the manner in which the arbitration will proceed. The decision of the arbitrator is known as an "award." Compare with mediation.


Arbitration (Car Insurance)

A method of arriving at an acceptable agreement between two disputing parties. An independent person or body, often a member of the Institute of Arbitrators, listens to the arguments of both parties and then makes a decision which is binding on all concerned.


Arbitration (Computer Hardware)

A process where devices compete for possession of the channel on a prioritized basis.


Arbitration (Customs)

An arrangement through which two parties to a dispute agree to the appointment of an impartial chairman or group of competent persons to decide the issue, the disputants agreeing in advance to abide by the decision rendered.
See also: Dispute Settlement, Panel of Experts,


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Arbitration (Divorce)

A legally binding, but not a judicial procedure. When a neutral third party makes judgment on a case. This is not permitted in most states or provinces.


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Arbitration (Domain Names)

A legal remedy for dispute resolution outside a court in which the parties submit their grievance to an impartial arbitrator or tribunal. The decision (award) on the dispute is binding on the parties.


Arbitration (Financial)

Is a process to resolve disputes for securities and futures markets. It can involve broker/dealers, clients, and employees of broker/dealers. There are different forums such as the NASD and NYSE. Is a process to resolve disputes for securities and futures markets. It can involve broker/dealers, clients, and employees of broker/dealers. There are different forums such as the NASD and NYSE.


Arbitration (Franchise)

A process in which a neutral third party hears both sides to a dispute and renders a decision. It is an alternative to using the legal process, which can be costly, and time consuming.


Arbitration (Frauds and Scams)

A method of settling disputes between brokers and their clients, brokerage firms and clearing corporations, employees and their firms, and two brokerage firms. Arbitration has been adopted by all exchanges and securities associations. A pre-dispute arbitration clause in a customer's brokerage account agreement is customary and assures that disputes will be arbitrated by objective third parties and preclude court cases.


Arbitration (Hard Drive Recovery)

The act of determining which command, device, or communication protocol controls the operating environment.


Arbitration (Health Insurance)

An alternative method for resolving disputes that allows the parties to define the process. For additional information, read about The Doctors Company’s arbitration program in California.


Arbitration (Insolvency)


A dispute resolution mechanism, whereby an independent neutral third party is appointed to hear and consider the merits of the dispute, and who renders a final and binding decision called an award.


Arbitration (Insurance)

Procedure in which an insurance company and the insured or a vendor agree to settle a claim dispute by accepting a decision made by a third party.


Arbitration (Law)

The hearing of a dispute by an impartial third person or persons (chosen by the parties), whose award the parties agree to accept.


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Arbitration (Legal)

The hearing of a dispute by an impartial third person or persons (chosen by the parties), whose award the parties agree to accept.


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Arbitration (Non-Profit Governance)

A procedure used in conflict resolution through which a third party neutral arbitrator examines facts in a hearing and renders a decision. See also:Arbitrator, Mediation


Arbitration (Non-Profit Leadership)

A procedure used in conflict resolution through which a third party neutral arbitrator examines facts in a hearing and renders a decision. See also:Arbitrator, Mediation


Arbitration (Personal Injury Law)

A form of alternative dispute resolution in which the parties bring their dispute to a neutral third party and agree to abide by his or her decision. In arbitration there is a hearing at which both parties have an opportunity to be heard.


Arbitration (Political)

Settlement of labor disputes in which each side agrees to accept the decision of an arbitrator, who is a kind of judge appointed because of his acceptability to both sides. Sometimes the arbitrator may be a group, or a panel, rather than an individual.


Arbitration (RAID Drive Recovery)

The act of determining which command, device, or communication protocol controls the operating environment.


Arbitration (Real Estate)

A nonjudicial method of resolving disputes by selecting a neutral party to make a final determination. This method was either previously agreed to by the disputing parties or stipulated by law.


Arbitration (SCSI)

If a SCSI device needs to use the bus, it uses arbitration to determine if it can take control of the bus. If several devices arbitrate at the same time, the device with the highest priority wins.


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Arbitration (Sanitation)

A form of dispute resolution by which the parties to a dispute submit their differences to a single arbitrator or a panel of arbitrators for decision rather than to a judge or jury.


Arbitration (Securities)

A method of settling disputes. The parties present their arguments to a panel of one or more arbitrators who will render a decision. There are no appeals from arbitration.


Arbitration (Securities Fraud)

In most cases, brokerage houses now require their customers to sign a written arbitration agreement at the time that the account is opened. Later, if the customer brings a complaint against the brokerage house, the broker will insist that the matter be submitted to arbitration. The vast majority of such arbitrations are conducted by the National Association of Securities Dealers ["NASD"]. The NASD is an organization of brokerage houses that provides arbitration services for investors and brokerage houses. Such arbitrations are typically decided by a panel of three arbitrators appointed by the NASD, with hearings held in the vicinity in which the investor resides. While many attorneys who represent investors feel that the NASD is somewhat biased in favor of brokerage firms, they regularly file claims for their clients with the NASD. If an arbitration agreement has been signed, there is no other viable alternative. An investor with a good case should not be daunted by the fact that the matter must be submitted to NASD arbitration.


Arbitration (Trademark)

A form of alternative dispute resolution in which an authorized individual sits as the arbiter of a legal dispute in lieu of a formal judicial proceeding. Arbitration may be binding or non-binding, depending on the agreement of the parties. Even if arbitration is binding, appeals to a district court can still be made in some cases. Very often, arbitration tends to be less formal, less expensive and faster. However, courts in a trademark infringement or dilution case can often hear a motion for temporary injunction very quickly as well, if all the requirements for a temporary injunction are met.




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