Examlex
The amount charged for the use of borrowed money is called ________.
Disinterested Third Party
An impartial and unbiased individual or entity not involved in the interests or concerns of the principal parties in a transaction or dispute.
ADR
Stands for Alternative Dispute Resolution, which is a range of processes and techniques used to resolve conflicts or disputes without litigating in court.
Arbitration
A method of settling disputes in which a dispute is submitted to a disinterested third party (other than a court), who issues a decision that may or may not be legally binding.
Negotiation
The process of discussing an issue between two or more parties with the goal of reaching a consensus or solving a problem.
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