from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The process by which the parties to a dispute submit their differences to the judgment of an impartial person or group appointed by mutual consent or statutory provision.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The act or process of arbitrating.
- n. A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
- n. 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.
from the GNU version of the Collaborative International Dictionary of English
- n. The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties.
from The Century Dictionary and Cyclopedia
- n. The hearing and determining of a cause between parties in controversy by a person or persons chosen or agreed to by the parties.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the act of deciding as an arbiter; giving authoritative judgment
- n. (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)
There has been some uncertainty as to whether arbitration is a valid method for resolving these cases.
The term "arbitration" is here used presumably in the French sense, to cover all kinds of settlement before a tribunal involving positive compliance with the decision or award.
Why should an investor in arbitration have to conduct research to find this declaration?
The problem with mafia or gang arbitration is not that it lacks the backing of the government.
A problem with illegal arbitration is that it can't be held up for public scrutiny.
Starting next year we will be offering an LL.M. concentration in arbitration as part of our comparative and international LL. M programs.
International arbitration is something of a poor stepchild in the US academy – we in the US are neither the primary users of it nor do we supply a particularly large share of the leading advocates (at least in private law), arbitrators, or scholars – although we do have a few domestic stars.
"Even with an all-public panel, arbitration is still an opaque process," according to a source inside FINRA, the brokerage industry's bought-and-paid-for "overseer."
Private arbitration is only effective because a gov't court system stands behind it.
If the Nationals offer Dunn a one-year contract in arbitration, which they must do in order to receive compensatory draft picks in the event he signs elsewhere as a free agent, then the Nationals will receive two extra draft picks in the 2011 draft.