Arbitration Definition
ärbĭ-trāshən
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.
American Heritage
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.
Webster's New World
A method of alternative dispute resolution whereby a dispute, with the consent of all the parties, is submitted to a neutral person or group for a decision, usually including full evidentiary hearing and presentations by attorneys for the parties. Often, arbitration is the only form of proceeding permitted under the terms of contracts; see arbitration clause. See also conciliation, mediation, and summary proceeding.
Webster's New World Law
The act or process of arbitrating.
Wiktionary
A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
Wiktionary
Synonyms:
Other Word Forms of Arbitration
Noun
Singular:
arbitration
Plural:
arbitrationsRelated Articles
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