facilitative mediation: A
process in which a mediator helps resolve a dispute by controlling the
mediation process. During facilitative mediation, the mediator tries to
move the mediation to a “win-win” proposition based on the premise that
people can come to agreements despite conflict.
Federal Arbitration Act (first enacted in 1925): A statute that provides for judicial facilitation of private dispute resolution through arbitration.
forbearance:
The act in which a lender does not enforce a past due debt. In terms of
foreclosure, the lender might allow the homeowner to pay past due
payments within a given time period rather than take the house.
foreclosure:
A legal act in which a lender takes back property because mortgage
payments are past due. During a foreclosure, the lender will sell the
property in an attempt to regain his losses.
grievance arbitration: A type of labor arbitration that provides a method for resolving disputes over the interpretation and application of a collective bargaining agreement.
high-low arbitration: An arbitration wherein the parties have agreed in advance to the parameters within which the arbitrator may render his or her award.
impartial: Describes a person who will not take any side in a dispute.
information-centered mediation:
A process that involves using a mediator with experience and
information beyond the “norm.” Mediators used in information-centered
mediation can be retired judges, academic experts or other experienced
professionals.
interest arbitration: A type of labor arbitration that provides a method of resolving disputes about the terms to be included in a new contract when the parties are unable to agree.
joint session: A session in which all parties involved in the process, including lawyers, attend the proceedings.
judicial appraisal:
A process in which parties involved in the dispute choose a judge who
will examine all sides and give an analysis of what would probably
happen if the case were to be taken to court.