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Home > QFINANCE Dictionary > Definition of ambit claim

Definition of

ambit claim

Finance

excessive arbitration claim anticipating compromise a claim made to an arbitration authority for higher pay or improved conditions that is deliberately exaggerated because the claimants know that they will subsequently have to compromise

Recommended Further Reading (Term count)
  • Arbitration
    Arbitration is an alternative to litigation. Its purpose is to resolve a dispute without resorting to expensive litigation within the court system.Arbitration is typically used in commercial disputes, especially at an international level. In the contract they enter into, the parties should specify the way in which they will deal with any dispute resulting from the contract or its breach. Arbitration is usually the means of solving a commercial...

Definitions of ’ambit claim’ and meaning of ’ambit claim’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’ambit claim’ and other financial terms with our online QFINANCE Financial Dictionary.

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