Arbitration: A nonjudicial method of resolving disputes by selecting a neutral party to make a final determination. This method was either previously agreed to by the disputing parties or stipulated by law.

 

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Arbitration: A privately conducted trial to resolve a dispute. Arbitration can be binding (in which case there is no appeal), or non-binding, in which an appeal may be possible.

Expedited Arbitration: A dispute resolution method used by the American Arbitration Association to resolve cases in accordance with a prescribed set of guidelines.

Securities Industry Committee On Arbitration (SICA): A private group that provides mediation services in case of customer complaints against securities firms.

Mediation: A process of dispute resolution in which an impartial third party, a mediator, intervenes in a dispute with the consent of the disputing parties and helps them negotiate an agreement. The ro . . . View Full Definition

Dispute Resolution: Dispute resolution — sometimes called alternative dispute resolution — refers to methods of resolving conflicts between parties or individuals that doesn’t involve litigation. Mediation and . . . View Full Definition

NASD: NASD is the largest self-regulatory organization (SRO) in the United States. Formerly known as the National Association of Securities Dealers, NASD regulates broker-dealer firms and licenses . . . View Full Definition