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.
They chose arbitration to settle their contractual disagreement efficiently.
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.
Rather than engaging in lengthy court battles, the parties opted for arbitration to resolve their disagreement swiftly.
LanGeek
Download LanGeek app
langeek application

Download Mobile App

stars

app store