arbitration

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English[edit]

Etymology[edit]

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

Pronunciation[edit]

Noun[edit]

arbitration (countable and uncountable, plural arbitrations)

  1. The act or process of arbitrating.
  2. A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
  3. 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.

Related terms[edit]

Translations[edit]

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External links[edit]