arbitration

[Ar`bi*tra·tion]

When an uninvolved, impartial person is called in to help settle a dispute, it's called arbitration. The person in charge of the arbitration acts like an official referee, helping both sides come to an agreement.

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The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties.

Noun
the act of deciding as an arbiter; giving authoritative judgment; "they submitted their disagreement to arbitration"

Noun
(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)

n.
The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties.

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. &hand; 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.

The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties.

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Usage Examples

The government's desire to expand global trade may be understandable, but we mustn't give away too much. We must tell our elected representatives to at least delay the Canada-China FIPA until it has been examined more thoroughly, and to reconsider the inclusion of investor-state arbitration mechanisms in all trade deals.

The richest love is that which submits to the arbitration of time.

Do I believe in arbitration? I do. But not in arbitration between the lion and the lamb, in which the lamb is in the morning found inside the lion.

Misspelled Form

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Other Usage Examples

Wars will remain while human nature remains. I believe in my soul in cooperation, in arbitration but the soldier's occupation we cannot say is gone until human nature is gone.

I can imagine no society which does not embody some method of arbitration.

Gentlemen, I fervently trust that before long the principle of arbitration may win such confidence as to justify its extension to a wider field of international differences.