If Parties to Mediation Do Not Reach a Settlement, the Mediator

question 23

True/False

If parties to mediation do not reach a settlement, the mediator will render a binding decision.

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Definitions:

Precautionary Demand

The desire to hold cash or liquid assets to guard against unexpected events.

Payments to Vendors

Money transfers made by a business to its suppliers for goods or services received.

Demand Deposit

Bank accounts that allow the holder to withdraw funds without prior notice, such as a checking account.

Marketable Securities

Financial instruments that can easily be sold or converted into cash at a value close to their market rate.