Meaning of “debt arbitration” in the English Dictionary

business-english dictionary

"debt arbitration" in Business English

See all translations

debt arbitrationnoun [ U ]

uk us

FINANCE the process of helping companies that owe or are owed money to find an acceptable agreement for paying back the debt:

For creditors, debt arbitration makes it possible to recoup more of the amount owed than would be possible by filing a suit against the debtor.

(Definition of “debt arbitration” from the Cambridge Business English Dictionary © Cambridge University Press)