arbitration
English
Etymology
From Middle English arbitracion, borrowed from Old French arbitration, from Latin arbitratio, from arbitrari (“to arbitrate, judge”); see arbitrate.
Pronunciation
- Rhymes: -eɪʃən
Noun
arbitration (countable and uncountable, plural arbitrations)
- The act or process of arbitrating.
- A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
- 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.
Related terms
Translations
the act or process of arbitrating
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process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute
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form of justice
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- The translations below need to be checked and inserted above into the appropriate translation tables, removing any numbers. Numbers do not necessarily match those in definitions. See instructions at Wiktionary:Entry layout#Translations.
Translations to be checked
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Further reading
- arbitration in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.
- arbitration in The Century Dictionary, New York, N.Y.: The Century Co., 1911.
French
Pronunciation
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