from The American Heritage® Dictionary of the English Language, 4th 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.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- 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.
from the GNU version of the Collaborative International Dictionary of English
- n. The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties.
from The 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.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- 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)