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arbitration

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The definition of an arbitration is a setting in which two parties submit their differences to an impartial third party to determine a solution or negotiation to a problem.

(noun)

An example of an arbitration would be when two people who are divorcing cannot agree on terms and allow a third party to come in to help them negotiate.

See arbitration in Webster's New World College Dictionary

noun

the act of arbitrating; specif., the settlement of a dispute by a person or persons chosen to hear both sides and come to a decision

Related Forms:

arbitrational adjective

See arbitration in American Heritage Dictionary 4

noun

The process by which the parties to a dispute submit their differences to the judgment of an impartial person or group appointed by mutual consent or statutory provision.

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