The result of arbitration is a drawback (5)

I believe the answer is:

award

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'the result of arbitration' is the definition.
I can't tell whether this definition defines the answer.

'a drawback' is the wordplay.
'drawback' becomes 'ward' (I've seen this in other clues).
'a'+'ward'='AWARD'

'is' is the link.

Can you help me to learn more?

(Other definitions for award that I've seen before include "Oscar, say" , "Perhaps Tony" , "certificate?" , "Prize or other mark of recognition" , "Honour, accolade." .)

I've seen this clue in The Irish News.

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