arbitration

Meaning

1. (countable, uncountable) The act or process of arbitrating.
2. (countable, uncountable) A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
3. (countable, uncountable) 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.

Synonyms

mediation

arbitrage

ruling

decision

conciliation

arbitrement

arbitrate

adjudication

award

intercession

arbitral

arbitrament

verdict

pacificatory

daysman

arbitration tribunal

method for arbitration

adjudicatory

apologetic

arbiter

consulting

intermediary

interposition

judge

🧑‍⚖️

propitiation

propitiatory

tessellation

trade-off

Translations

arbitrage

arbitraje

arbitragem

διαιτησία

arbitrato

arbitrage

Schlichtung

arbitratie

arbitramento

تحكيم

arbitraggio

médiation

arbitração

Schiedsspruch

Pronounced as (IPA)

/ˌɑː.bɪˈtɹeɪ.ʃən/

Etymology

Inherited from Middle English: arbitracion

In summary

From Middle English arbitracion, borrowed from Old French arbitration, from Latin arbitratio, from arbitrari (“to arbitrate, judge”); see arbitrate.