Definition of ARBITRATION

arbitration

Meanings

Plural: arbitrations

Noun

  • (law) the hearing and determination of a dispute by an impartial referee agreed to by both parties (often used to settle disputes between labor and management)
  • the act of deciding as an arbiter; giving authoritative judgment
    • "they submitted their disagreement to arbitration"
  • The act or process of arbitrating.
  • A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
  • In general, a form of justice where both parties designate a person whose ruling they will accept formally. More specifically in Market Anarchist (market anarchy) theory, arbitration designates the process by which two agencies pre-negotiate a set of common rules in anticipation of cases where a customer from each agency is involved in a dispute.

Origin / Etymology

From Middle English arbitracion, borrowed from Old French arbitration, from Latin arbitratio, from arbitrari (“to arbitrate, judge”); see arbitrate.

Scrabble Score: 13

arbitration is a valid Scrabble (US) TWL word
arbitration is a valid Scrabble Word in Merriam-Webster MW Dictionary
arbitration is a valid Scrabble Word in International Collins CSW Dictionary

Words With Friends Score: 15

arbitration is a valid Words With Friends word