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When Recording Customer Payments, Use These Steps

question 19

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When recording customer payments, use these steps:


Definitions:

Arbitration

A method of dispute resolution outside of courts where an arbitrator makes a decision which is binding to both parties.

Litigation

The process of resolving disputes or controversies by filing lawsuits in court.

Mediation

A form of alternative dispute resolution where a neutral third party helps the disputing parties come to a mutually agreeable solution.

Summary Jury Trial

A condensed version of a jury trial intended as a non-binding process to encourage settlement of disputes.

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