appraisement

appraisement.

1. APPRAISAL.

2. An ADR method used for resolving the amount or extent of liability on a contract when the issue of liability itself is not in dispute. • Unlike arbitration, appraisement is not a quasi-judicial proceeding but instead an informal determination of the amount owed on a contract. [Cases: Arbitration

1. C.J.S. Arbitration §§ 2–3.]

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词条贡献者

译者Henry，毕业于世界顶级翻译学院，擅长翻译各种与企业管治相关的法律文件。