См. также: arbitrary arrest, arbitration tribunal, arbitrary choice, arbitrary
An arbitration award (or arbitral award) is a determination on the merits by an arbitration tribunal in an arbitration, and is analogous to a judgment in a court of law. It is referred to as an 'award' even where all of the claimant's claims fail (and thus no money needs to be paid by either party), or the award is of a non-monetary nature. (Wikipedia)
An arbitral award or arbitration award refers to a decision made by an arbitration tribunal in an arbitration proceeding. An arbitral award is analogous to a judgment in a court of law. An arbitral award can be of a non-monetary nature where the entire claimant's claims fail and no money needs to be paid by either party. (definitions.uslegal.com)
Similarly, in international arbitration proceedings the Swiss Federal Tribunal acts as the sole appeals instance for arbitral awards, unless the possibility to appeal has been excluded by the arbitrating parties, which is, however, only admissible if none of the arbitrating parties is domiciled in Switzerland. (The Law Reviews)
Security for claim(s) is an interim measure that allows an applicant (ie the claimant or the respondent in respect of its counterclaim) to secure, in advance of a final arbitral award, the amount that it is claiming against the opposing party (the respondent). (LexisNexis)
