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Questions and Answers
What is the primary purpose of arbitration?
What is an advantage of arbitration?
What is an arbitral award?
What is the primary focus of an arbitration proceeding?
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What is an arbitral tribunal?
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What is the benefit of arbitration in terms of cost?
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What is the primary advantage of arbitration in terms of time?
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What is the primary advantage of arbitration in terms of simplicity?
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What is the primary benefit of arbitration in terms of confidentiality?
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What is the role of an arbitrator?
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Study Notes
Business and Finance Terms
- An advice note is typically received before the goods themselves.
Banking and Law
- An adviser refers to an advising bank.
- Authorized person means an authorized representative or signatory.
- Authorized securities depositary refers to a central securities depositary.
- Authorized share capital is the maximum amount of share capital that a company is authorized to issue.
- Automatic cash payments refer to the automatic transfer of funds from one account to another.
- Automatic teller machine (ATM) is a machine that dispenses cash and performs other banking functions.
Business and Accounting
- Auxiliary account refers to a subsidiary or secondary account.
- Auxiliary assets are secondary or supporting assets.
- Available cash flow refers to the amount of cash available for investment or other purposes.
- Average down means to purchase more of a security or commodity at a lower price to reduce the average cost of one's holdings.
Law and Commerce
- An arbitral award is a decision made by an arbitrator or arbitral tribunal.
- Arbitral decision refers to the decision made by an arbitrator or arbitral tribunal.
- Arbitral sentence is a judicial decision made by an arbitrator or arbitral tribunal.
- Arbitral tribunal refers to an independent person or group of people appointed to resolve a dispute through arbitration.
- Arbitration is a process for settling disputes outside of court, offering advantages such as simplicity, speed, economy, and avoidance of publicity.
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Description
Test your knowledge of financial terminology and phrases, including banking, finance, and law-related concepts. This quiz covers various terms, definitions, and phrases used in the financial industry. Improve your understanding of financial jargon and ace this quiz!
