final offer arbitration

Definition of "final offer arbitration"
  1. A type of interest arbitration where the arbitrator is obligated to either accept or reject the last offer proposed by any participant and is not allowed to favor a middle ground
How to use "final offer arbitration" in a sentence
  1. The employer and the union couldn't agree on wages, so they entered into final offer arbitration to solve the dispute.
  2. During the final offer arbitration, the arbitrator selected the company's wage proposal, impacting all the involved parties.
  3. Final offer arbitration is often a last resort after negotiations between parties reach a stalemate.

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