/ɑrbɪˈtreɪʃən əˈwɔrd/ – Phrase
Definition: phán quyết cuối cùng của trọng tài, bản quyết định của trọng tài.
A more thorough explanation: An arbitration award is a final and binding decision issued by an arbitrator or arbitration panel in a dispute resolution process known as arbitration. It is a formal written document that sets out the resolution of the dispute, including any monetary damages, remedies, or other relief awarded to the parties involved. The arbitration award is typically enforceable in a court of law and serves as the equivalent of a judgment in a traditional court proceeding.
Example: The arbitration award was issued by the panel of arbitrators after considering all the evidence and arguments presented by both parties.