Arbitration
Definition & Meaning
Pronunciation /ˌɑː.bɪˈtɹeɪ.ʃən/ · Part of speech noun
Quick meaning: Arbitration is a noun meaning The act or process of arbitrating.
Meaning
The act or process of arbitrating.
More Meanings
- A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
- 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.
Word Forms
- arbitrations
Synonyms for arbitration
Depending on context, synonyms include mediation, arbitrament, arbitrement.
Related Words
Related dictionary entries include arbitrament, arbitrement, mediation, arbitral, arbitrate, adjudicate.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.