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The Arbitrator Must Avoid _________-Remarks Irrelevant to the Decision-And Confine

question 51

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The arbitrator must avoid _________-remarks irrelevant to the decision-and confine the opinion and award to the case brought to arbitration.


Definitions:

Profit or Loss

The financial outcome of a business or investment, determined by subtracting expenses from revenue, indicating either earnings (profit) or shortfall (loss).

Outstanding Balance

The amount of money owed that remains in a borrower's account that has not yet been paid.

Invoice

A document issued by a seller to a buyer, listing goods or services provided, with their prices, and requesting payment.

EOM

EOM stands for "End of Month," which is a term often used in accounting and business to signify deadlines or the conclusion of financial periods.

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