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Noun: arbitration  ,aa(r)-bi'trey-shun
  1. (law) the hearing and determination of a dispute by an impartial referee agreed to by both parties (often used to settle disputes between labour and management)
  2. The act of deciding as an arbiter; giving authoritative judgment
    "they submitted their disagreement to arbitration";
    - arbitrament, arbitrement

Derived forms: arbitrations

Type of: judgement, judgment, judicial decision, mediation

Encyclopedia: Arbitration