Arbitrage – this term has different meanings, depending on where it finds application:

– within the area of Business Law, this term refers to borrowing money at a low rate of interest for purposes of lending it then on higher rates of interests. Or investing it somewhere else against profit;

– in the legal procedures, arbitrage means to resolve a legal dispute via the assistance of independent, neutral third person. He usually has a legal education and is appointed to hear and consider the different sides of the dispute. Where to renders a final and binding decision called an “arbitration” or “award”. The decision of the arbitrator is known as an “award.” The arbitration decisions usually cannot be appealed as there are no arbitration instances above. And it enters in force immediately.

See also “Judicial of arbitration”

See also “Some defects in arbitration procedures”

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