About The Word Arbitration
Learn about the word Arbitration to help solve your crossword puzzle. Discover Arbitration definitions and meaning, origins, synonyms, related terms and more at the free Crossword Dictionary.
Arbitration
| Arbitration Definition And Meaning |
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What's The Definition Of Arbitration?
[n] the act of deciding as an arbiter; giving authoritative judgment; "they submitted their disagreement to arbitration"
[n] (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) Synonyms | Synonyms for Arbitration: arbitrament | arbitrement Related Terms | Find terms related to Arbitration: See Also | judgement | judgment | judicial decision | mediation Arbitration In Webster's Dictionary \Ar`bi*tra"tion\, n. [F. arbitration, L. arbitratio,
fr. arbitrari.]
The hearing and determination of a cause between parties in
controversy, by a person or persons chosen by the parties.
Note: This may be done by one person; but it is usual to
choose two or three called arbitrators; or for each
party to choose one, and these to name a third, who is
called the umpire. Their determination is called the
award. --Bouvier
{Arbitration bond}, a bond which obliges one to abide by the
award of an arbitration.
{Arbitration of Exchange}, the operation of converting the
currency of one country into that of another, or
determining the rate of exchange between such countries or
currencies. An arbitrated rate is one determined by such
arbitration through the medium of one or more intervening
currencies.
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