Arbitration: Canada Debt .ca defines Arbitration

Bankruptcy Term Arbitration

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Canada Debt has the definition to the bankruptcy and debt term Arbitration. Finding answers to terms such as Arbitration can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Arbitration in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Arbitration' is used as follows:

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.