arbitration

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1. 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.
2. International Law. the application of judicial methods to the settlement of international disputes.

noun

1. a comedy (c300 b.c.) by Menander, extant only as a fragment.

noun

1. law the hearing and determination of a dispute, esp an industrial dispute, by an impartial referee selected or agreed upon by the parties concerned
2. international law the procedure laid down for the settlement of international disputes

n.

late 14c., “absolute decision,” from Old French arbitracion, from Latin arbitrationem (nominative arbitratio) “judgment, will,” noun of action from past participle stem of arbitrari “to be of an opinion, give a decision,” from arbiter (see arbiter). Meaning “settlement of a dispute by a third party” is from 1630s.

The settling of disputes (especially labor disputes) between two parties by an impartial third party, whose decision the contending parties agree to accept. Arbitration is often used to resolve conflict diplomatically to prevent a more serious confrontation.

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