debt arbitration Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “debt arbitration” in the English Dictionary

"debt arbitration" in Business English

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debt arbitrationnoun [U]

uk   us  
FINANCE the ​process of helping ​companies that ​owe or are ​owedmoney to ​find an acceptable ​agreement for ​paying back the ​debt: For ​creditors, ​debtarbitration makes it possible to ​recoup more of the ​amountowed than would be possible by ​filing a ​suit against the ​debtor.
(Definition of debt arbitration from the Cambridge Business English Dictionary © Cambridge University Press)
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