Definitions

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)

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

From Middle English arbitracion, from Old French arbitration, from Latin arbitratio, from arbitrari ("to arbitrate, judge"); see arbitrate.

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