arbitration
UK: ˌɑːbɪˈtreɪʃən | US: ˌɑːrbɪˈtreɪʃən
n. the process of resolving a dispute between parties by an impartial third party (arbitrator) whose decision is binding.
n. the formal hearing and settlement of a dispute outside of court.
arbitration = arbitrat<to judge> + ion<noun suffix>
- arbitrat (from Latin arbitratus, past participle of arbitrari "to judge, decide," derived from arbiter "judge, umpire")
- ion (noun-forming suffix indicating an action or process, from Latin -io)
Etymology Origin:
The word traces back to Latin arbiter, meaning "judge" or "umpire," which itself combines ad- ("to") + baetere ("to come, go"). Historically, an arbiter was someone who "approached" a dispute to settle it. Over time, arbitrari evolved into "to judge," and the suffix -ion transformed it into a noun denoting the process of judgment. The term reflects the legal tradition of neutral intervention to resolve conflicts.
The labor union agreed to submit the grievance to arbitration.
International trade disputes often require arbitration to avoid lengthy court battles.
The contract stipulates that any disagreement will be settled through binding arbitration.
She specializes in commercial arbitration and mediation.
The arbitration panel reached a unanimous decision after reviewing the evidence.