Podcast
Questions and Answers
What is the primary purpose of arbitration?
What is the primary purpose of arbitration?
- To resolve disputes outside of a court of law (correct)
- To prolong contract disputes
- To settle disputes in a court of law
- To avoid publicity in court proceedings
What is an advantage of arbitration?
What is an advantage of arbitration?
- Avoidance of publicity (correct)
- Increase in publicity
- Higher costs
- Complexity in proceedings
What is an arbitral award?
What is an arbitral award?
- A court judgment
- A decision made by an arbitrator (correct)
- A type of contract
- A settlement agreement
What is the primary focus of an arbitration proceeding?
What is the primary focus of an arbitration proceeding?
What is an arbitral tribunal?
What is an arbitral tribunal?
What is the benefit of arbitration in terms of cost?
What is the benefit of arbitration in terms of cost?
What is the primary advantage of arbitration in terms of time?
What is the primary advantage of arbitration in terms of time?
What is the primary advantage of arbitration in terms of simplicity?
What is the primary advantage of arbitration in terms of simplicity?
What is the primary benefit of arbitration in terms of confidentiality?
What is the primary benefit of arbitration in terms of confidentiality?
What is the role of an arbitrator?
What is the role of an arbitrator?
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!
