Arbitration
volume
British pronunciation/ˌɑːbɪtɹˈe‍ɪʃən/
American pronunciation/ˌɑɹbɪˈtɹeɪʃən/

Definition & Meaning of "arbitration"

Arbitration
01

the process in which a person is officially appointed to act as a judge and settle an argument

02

a process where parties resolve disputes through a neutral third party

arbitration

n

arbitrate

v

arbitr

v

arbitrational

adj

arbitrational

adj
example
Example
In complex commercial disputes, arbitration is often preferred for its efficiency and confidentiality.
The dispute was resolved through arbitration rather than a lengthy court trial.
They chose arbitration to settle their contractual disagreement efficiently.
Arbitration allowed the parties to resolve their disagreement quickly and avoid the lengthy process of going to trial.
The arbitration board will decide the dispute between the two parties.
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