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Definition of Arbitral award

Babylon English

arbitration award, decision reached by means of an arbitration process
Arbitral award Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
An arbitration award (or arbitral award) is a determination on the merits by an arbitration tribunal in an arbitration, and is analogous to a judgment in a court of law. It is referred to as an 'award' even where all of the claimant's claims fail (and thus no money needs to be paid by either party), or the award is of a non-monetary nature.

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