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ar·bi·tra·tion 
Audio Help [ahr-bi-trey-shuhn] Pronunciation Key
Audio Help [ahr-bi-trey-shuhn] Pronunciation Key –noun
| 1. | the hearing and determining of a dispute or the settling of differences between parties by a person or persons chosen or agreed to by them: Rather than risk a long strike, the union and management agreed to arbitration. |
| 2. | International Law. the application of judicial methods to the settlement of international disputes. |
| Dictionary.com Unabridged (v 1.1) Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006. |
Arbitration
To learn more about Arbitration visit Britannica.com
| © 2008 Encyclopædia Britannica, Inc. |
| ar·bi·tra·tion
Audio Help (är'bĭ-trā'shən) Pronunciation Key
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. |
| The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2006 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
| arbitration | |
noun | |
| 1. | (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. | the act of deciding as an arbiter; giving authoritative judgment; "they submitted their disagreement to arbitration" |
| WordNet® 3.0, © 2006 by Princeton University. |
ˌarbiˈtration noun
the making of a decision by an arbitrator
Example: The dispute has gone / was taken to arbitration.
See also: arbitrate, arbitratorExample: The dispute has gone / was taken to arbitration.
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| Kernerman English Multilingual Dictionary, © 2000-2006 K Dictionaries Ltd. |
arbitration
The settling of disputes (especially labor disputes) between two parties by an impartial third party, whose decision the contending parties agree to accept. Arbitration is often used to resolve conflict diplomatically to prevent a more serious confrontation.
[Chapter:] American Politics
| The American Heritage® New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
Arbitration
Ar`bi*tra"tion\, n. [F. arbitration, L. arbitratio, fr. arbitrari.] The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties. Note: This may be done by one person; but it is usual to choose two or three called arbitrators; or for each party to choose one, and these to name a third, who is called the umpire. Their determination is called the award. --Bouvier Arbitration bond, a bond which obliges one to abide by the award of an arbitration. Arbitration of Exchange, the operation of converting the currency of one country into that of another, or determining the rate of exchange between such countries or currencies. An arbitrated rate is one determined by such arbitration through the medium of one or more intervening currencies.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
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