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What Does MBD Stand For

question 48

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What does MBD stand for?


Definitions:

American Arbitration Association

A non-profit organization offering alternative dispute resolution services, including arbitration and mediation, to individuals and organizations.

Mediator

The third party in mediation whose job is to convince the contending parties to adjust or settle their dispute.

Binding Arbitration

A legal process in which a dispute is resolved by an arbitrator whose decision is final and legally binding on all parties involved.

Arbitrator's Ruling

A decision made by an arbitrator, who is a neutral third party, regarding a dispute between parties in an arbitration process.

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