What is the difference between binding and non$-$binding arbitration?

Binding arbitration means that the parties have agreed they will not challenge in court the ruling from the arbitration

Non$-$binding arbitration means that the arbitration hearing is not held in a court room.

Binding arbitration exists only at the appellate level of the court system.

Non$-$binding arbitration occurs when the court does not have jurisdiction over one of the parties in the arbitration.