The final decision of an arbitrator is called a ruling.
The final decision of an arbitrator is called an award.
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An arbitrator is a third party who hears both sides of an argument and then makes an impartial decision. The decision announced by an arbitrator is often as binding as if it was announced by a judge.
Decision of the arbitrator
Decision of the Arbitrator
Decision of the arbitrator
Decision of the arbitrator
Decision of the arbitrator
Decision of the arbitrator
Verdict (typically refers to a jury decision) or judgment(final decision of the court).
Arbitration is an out of court way to resolve a dispute between two parties. An arbitrator controls the process. The arbitrator listens to both sides and then makes a decision to who is right.
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Non-binding arbitration
The source of an arbitrator's authority comes from the parties to the dispute being arbitrated. Both parties agree that their dispute will be settled through arbitration rather than through litigation and they enter into a contract promising that the arbitration will be binding they will abide by the decision of the arbitrator. If one party refuses to honor the arbitrator's decision, the other party can go to court and have the court enforce the arbitration decision, but it won't have to litigate the actual dispute all over again.