arbitration
ar
ˌɑr
aar
bit
ˈbɪt
bit
ra
reɪ
rei
tion
ʃən
shēn
British pronunciation
/ˌɑːbɪtɹˈe‍ɪʃən/

Definition & Meaning of "arbitration"in English

Arbitration
01

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

example
Examples
The dispute was resolved through arbitration rather than a lengthy court trial.
02

a process where parties resolve disputes through a neutral third party

example
Examples
The construction contract included a clause requiring arbitration to settle any disputes between the contractor and the client.
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