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- Dictionaryarbitration/ˌɑːbɪˈtreɪʃn/
noun
- 1. the use of an arbitrator to settle a dispute: "Tayside Regional Council called for arbitration to settle the dispute"
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ARBITRATION definition: 1. the process of solving an argument between people by helping them to agree to an acceptable…. Learn more.
Arbitration is a formal method of dispute resolution involving a neutral third party who makes a binding decision. The third party neutral (the 'arbitrators', 'arbiters' or ' arbitral tribunal ') renders the decision in the form of an ' arbitration award '. An arbitration decision or award is legally binding on both sides and enforceable in the ...
ar· bi· tra· tion ˌär-bə-ˈtrā-shən. : the process of resolving a dispute (as between labor and management) or a grievance outside of the court system by presenting it to an impartial third party or panel for a decision that may or may not be binding compare mediation. — final offer arbitration.
Arbitration is when a third party makes a decision on a dispute to resolve it. Arbitration is delivered by a neutral person (an 'arbitrator'). The arbitrator is impartial.
Jun 7, 2024 · arbitration, nonjudicial legal technique for resolving disputes by referring them to a neutral party for a binding decision, or “award.” An arbitrator may consist of a single person or an arbitration board, usually of three members.
- Martin Domke
Arbitration definition: 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. See examples of ARBITRATION used in a sentence.
Nov 10, 2014 · Arbitration is a form of Alternative Dispute Resolution in which the parties work out the disputed issue without going to court. An impartial third party, known as an Arbitrator, is chosen by the parties to listen to their case and make a decision.
