Noun: arbitration ,aa(r)-bi'trey-shun
- (law) the hearing and determination of a dispute by an impartial referee agreed to by both parties (often used to settle disputes between labour and management)
"The company and union agreed to binding arbitration"
- The act of deciding as an arbiter; giving authoritative judgment
"they submitted their disagreement to arbitration";
- arbitrament, arbitrement
Derived forms: arbitrations
Type of: judgement, judgment, judicial decision, mediation
Encyclopedia: Arbitration