About The Word Arbitration

Bay Area Crosswords

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 Meaning & Definition
Arbitration Definition And Meaning

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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