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  2. Dictionary

    ar·bi·tra·tion
    [ˌärbəˈtrāSHən]
    noun
    arbitration (noun) · arbitrations (plural noun)
    1. the use of an arbitrator to settle a dispute:
      "Tayside Regional Council called for arbitration to settle the dispute" · "binding arbitration"
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  3. People also ask
    What does arbitration mean?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: Rather than risk a long strike, the union and management agreed to arbitration. International Law. the application of judicial methods to the settlement of international disputes.
    What is Commercial Arbitration?Commercial arbitration is a means of settling disputes by referring them to a neutral person, an arbitrator, selected by the parties for a decision based on the evidence and arguments presented to the arbitration tribunal. The parties agree in advance that the decision will be accepted as final and binding.
    What does an arbitrator do?An arbitrator may consist of a single person or an arbitration board, usually of three members. Arbitration is most commonly used in the resolution of commercial disputes and is distinct from mediation and conciliation, both of which are common in the settlement of labour disputes between management and labour unions.
    What are the characteristics of Arbitration?Its principal characteristics are: Arbitration can only take place if both parties have agreed to it. In the case of future disputes arising under a contract, the parties insert an arbitration clause in the relevant contract. An existing dispute can be referred to arbitration by means of a submission agreement between the parties.
     
  4. Arbitration Definition & Meaning - Merriam-Webster

     
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  6. arbitration | Wex | US Law | LII / Legal Information Institute

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  26. Arbitrate Definition & Meaning - Merriam-Webster