arbitration
nounUK /ˌɑː.bɪˈtreɪ.ʃən/
US /ˌɑːr.bɪˈtreɪ.ʃən/
Arbitration is when a fair person helps two sides solve an argument.
The two companies used arbitration to settle their disagreement without going to court.
RELATED WORDS
OTHER MEANINGS
2. The process of judging a dispute and making a decision that both sides must follow.
The arbitration resulted in a binding decision that both parties accepted.
3. The act of deciding something or giving a judgment on a matter.
Her arbitration of the contest was seen as fair by everyone.
4. A formal meeting where a neutral person listens to both sides and decides the outcome.
They attended an arbitration to resolve the contract issue.