Associations to the word «Arbitration»

Wiktionary

ARBITRATION, noun. The act or process of arbitrating.
ARBITRATION, noun. A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
ARBITRATION, noun. 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.

Dictionary definition

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).
ARBITRATION, noun. The act of deciding as an arbiter; giving authoritative judgment; "they submitted their disagreement to arbitration".

Wise words

Occasionally in life there are those moments of unutterable fulfillment which cannot be completely explained by those symbols called words. Their meanings can only be articulated by the inaudible language of the heart.
Martin Luther King Jr.