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What does arbitration mean?

Definitions for arbitration
ˌɑr bɪˈtreɪ ʃənar·bi·tra·tion

This dictionary definitions page includes all the possible meanings, example usage and translations of the word arbitration.

Princeton's WordNet

  1. arbitrationnoun

    (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)

  2. arbitration, arbitrament, arbitrementnoun

    the act of deciding as an arbiter; giving authoritative judgment

    "they submitted their disagreement to arbitration"

Wiktionary

  1. arbitrationnoun

    The act or process of arbitrating.

  2. arbitrationnoun

    A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.

  3. arbitrationnoun

    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.

  4. Etymology: From arbitracion, from arbitration, from arbitratio, from arbitrari; see arbitrate.

Samuel Johnson's Dictionary

  1. Arbitrationnoun

    The determination of a cause by a judge mutually agreed on by the parties contending.

    Etymology: from arbitror, Lat.

Wikipedia

  1. Arbitration

    Arbitration is a form of alternative dispute resolution (ADR) that resolves disputes outside the judiciary courts. The dispute will be decided by one or more persons (the 'arbitrators', 'arbiters' or 'arbitral tribunal'), which renders the 'arbitration award'. An arbitration decision or award is legally binding on both sides and enforceable in the courts, unless all parties stipulate that the arbitration process and decision are non-binding.Arbitration is often used for the resolution of commercial disputes, particularly in the context of international commercial transactions. In certain countries such as the United States, arbitration is also frequently employed in consumer and employment matters, where arbitration may be mandated by the terms of employment or commercial contracts and may include a waiver of the right to bring a class action claim. Mandatory consumer and employment arbitration should be distinguished from consensual arbitration, particularly commercial arbitration. There are limited rights of review and appeal of arbitration awards. Arbitration is not the same as: judicial proceedings (although in some jurisdictions, court proceedings are sometimes referred as arbitrations), alternative dispute resolution, expert determination, or mediation (a form of settlement negotiation facilitated by a neutral third party).

ChatGPT

  1. arbitration

    Arbitration is a method of resolving disputes outside of court where both parties agree to abide by the decision of a neutral third party, known as an arbitrator. It's a less formal and often quicker process than a traditional lawsuit. The arbitrator's decision may be binding or non-binding, depending on the terms agreed upon by the parties involved.

Webster Dictionary

  1. Arbitrationnoun

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

  2. Etymology: [F. arbitration, L. arbitratio, fr. arbitrari.]

Wikidata

  1. Arbitration

    Arbitration, a form of alternative dispute resolution, is a technique for the resolution of disputes outside the courts, where the parties to a dispute refer it to one or more persons, by whose decision they agree to be bound. It is a resolution technique in which a third party reviews the evidence in the case and imposes a decision that is legally binding for both sides and enforceable. Other forms of ADR include meditation and non-binding resolution by experts. Arbitration is often used for the resolution of commercial disputes, particularly in the context of international commercial transactions. The use of arbitration is also frequently employed in consumer and employment matters, where arbitration may be mandated by the terms of employment or commercial contracts. Arbitration can be either voluntary or mandatory and can be either binding or non-binding. Non-binding arbitration is similar to mediation in that a decision can not be imposed on the parties. However, the principal distinction is that whereas a mediator will try to help the parties find a middle ground on which to compromise, the arbitrator remains totally removed from the settlement process and will only give a determination of liability and, if appropriate, an indication of the quantum of damages payable. By one definition arbitration is binding and so non-binding arbitration is technically not arbitration.

Dictionary of Nautical Terms

  1. arbitration

    The settlement of disputes out of court.

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Numerology

  1. Chaldean Numerology

    The numerical value of arbitration in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of arbitration in Pythagorean Numerology is: 1

Examples of arbitration in a Sentence

  1. GasTerra:

    GasTerra disagrees with Eni's position and has initiated arbitration proceedings to collect the amount due.

  2. Karl Erjavec:

    I offered my resignation to the prime minister as it is for him to decide what is my role in this (arbitration) procedure and whether he still trusts me.

  3. Southeast Asian:

    I again stress that the arbitration court has no jurisdiction in the case and on the relevant matter, and should not hold hearings or make a ruling, the Philippines' unilateral lodging of the South China Sea arbitration case is contrary to international law.

  4. Witold Waszczykowski:

    We will sue Russia in arbitration tribunals over withholding Polish property ... so that we get Russia convicted and ordered to give us back the property.

  5. Ed Hirs:

    Disagreements among parties in supply contracts are not uncommon, but we don't typically see these conflicts out in the open, that's why these contracts call for disputes to go to arbitration, keeping it out of public view.

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"arbitration." Definitions.net. STANDS4 LLC, 2024. Web. 22 Dec. 2024. <https://www.definitions.net/definition/arbitration>.

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