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

example
Example
click on words
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
Example
click on words
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.

word family

arbitr

Verb

arbitrate

Verb

arbitration

Noun

arbitrational

Adjective

arbitrational

Adjective
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