American Heritage® Dictionary of the English Language, Fourth Edition
- n. The process by which the parties to a dispute submit their differences to the judgment of an impartial person or group appointed by mutual consent or statutory provision.
Century Dictionary and Cyclopedia
- n. The hearing and determining of a cause between parties in controversy by a person or persons chosen or agreed to by the parties. This may be done by one person, but it is usual to choose more than one. Frequently two are nominated, one by each party, the two being authorized in turn to agree upon a third, who is called the umpire (or, in Scotland, sometimes the oversman), and who either acts with them or is called on to decide in case the primary arbitrators differ. The determination of arbitrators or umpires is called an award. By the common law an award properly made is binding; but the arbitrators' authority may be revoked before award at the will of either party. Permanent boards of arbitration are sometimes constituted by legislative or corporate authority, but the submission of cases to their decision is always voluntary.
- n. The act or process of arbitrating.
- n. A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
- n. 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.
GNU Webster's 1913
- n. The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties.
- n. the act of deciding as an arbiter; giving authoritative judgment
- 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)
- From Middle English arbitracion, from Old French arbitration, from Latin arbitratio, from arbitrari ("to arbitrate, judge"); see arbitrate. (Wiktionary)
“There has been some uncertainty as to whether arbitration is a valid method for resolving these cases.”
“The term "arbitration" is here used presumably in the French sense, to cover all kinds of settlement before a tribunal involving positive compliance with the decision or award.”
“Why should an investor in arbitration have to conduct research to find this declaration?”
“The problem with mafia or gang arbitration is not that it lacks the backing of the government.”
“A problem with illegal arbitration is that it can't be held up for public scrutiny.”
“Starting next year we will be offering an LL.M. concentration in arbitration as part of our comparative and international LL. M programs.”
“International arbitration is something of a poor stepchild in the US academy – we in the US are neither the primary users of it nor do we supply a particularly large share of the leading advocates (at least in private law), arbitrators, or scholars – although we do have a few domestic stars.”
“Even with an all-public panel, arbitration is still an opaque process," according to a source inside FINRA, the brokerage industry's bought-and-paid-for "overseer.”
“Private arbitration is only effective because a gov't court system stands behind it.”
“If the Nationals offer Dunn a one-year contract in arbitration, which they must do in order to receive compensatory draft picks in the event he signs elsewhere as a free agent, then the Nationals will receive two extra draft picks in the 2011 draft.”
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I'm studying business law, this list will contain words I would like to implement in my language and terminology.
Looking for tweets for arbitration.