Arbitration
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" In Context
"NEW YORK, Mar 13, 2012 (BUSINESS WIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes, www.nasd-law.com , announced today that it is investigating the sale of Fannie Mae ("Fannie") preferred stock by full-service brokerage firms to ..." This Insurance Word is available for Sponsorship Sponsor this Definition Today.