WordValenoun
arbitration
settling a dispute through a neutral third party outside court
In more detail
1. (noun) a method of settling a disagreement in which an impartial person or group listens to both sides and makes a decision, instead of going to court
2. (noun) the process or act of serving as an arbitrator or resolving a dispute in this way
Examples
- 1. The labor dispute was resolved through arbitration rather than a lengthy court case.
- 2. The two companies agreed to arbitration to settle their contract disagreement.
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