Associations to the word «Arbitration»

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.

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".