Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Federal Mediation and Conciliation Service
Labor law. An independent agency whose purpose is to prevent disruptions in the flow of interstate commerce caused by labor disputes through the use of mediation, conciliation, and voluntary arbitration. - Abbr. FMCS.
Intermediation
1. Any process involving an intermediary. 2. The placing of funds with a financial intermediary that reinvests the funds, such as a bank that lends the funds to others or a mutual fund that invests the funds in stocks, bonds, or other instruments.
Mediation
n. 1. A method of nonbinding dispute resolution involving a neutral third party who tries to help the disputing parties reach a mutually agreeable solution. -Also termed conciliation. Cf. ARBITRATION. 2. Int'l law. A neutral country's interference in the controversies of other countries to maintain international stability. - mediate (mee-deeayt), ub. - mediatory (mee-dee-a-tor-ee), adj. - mediator (mee-dee-ay-tar), n"The distinction between mediation and conciliation is widely debated among those interested in ADR, arbitration, and international diplomacy. Some suggest that conciliation is 'a nonbinding arbitration,' whereas mediation is merely 'assisted negotiation.' Others put it this way: conciliation involves a third party's trying to bring together disputing parties to help them reconcile their differences, whereas mediation goes further by allowing the third party to suggest terms on which the dispute might be resolved. Still others reject these attempts at differentiation and contend that there is no consensus about what the two words mean - that they are generally interchangeable. Though a distinction would be convenient, those who argue that usage indicates a broad synonymy are most accurate." Bryan A Garner, A Dictionary of Modern Legal Usage 554 (2d ed. 1995).
Mediation and Conciliation Service
A federal agency that tries to prevent the interruption of commerce resulting from labor disputes, by assisting parties in settling their disputes through mediation and conciliation. ( The agency can intervene on its own motion or on the motion of a party to the dispute. - Also termed Federal Mediation and Conciliation Service. 29 USCA §§ 172, 173.
National Mediation Board
A federal agency that, among other things, mediates disputes between rail and air carriers and their employees over wages and working conditions. ( It was created by the Railway Labor Act. 45 USCA §§ 154-163. - Abbr. NMB.