Definition of 'arbitration'

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Definitions of 'arbitration'

1. (noun) arbitration
(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)

2. (noun) arbitration, arbitrament, arbitrement
the act of deciding as an arbiter; giving authoritative judgment
"they submitted their disagreement to arbitration"

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"arbitration." Definitions.net. STANDS4 LLC, 2009. 5 July. 2009. http://www.definitions.net/definition/arbitration

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