- Rhymes: -eɪʃən
- 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.
the act or process of arbitrating
process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute
form of justice
- 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
- arbitration in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.
- arbitration in The Century Dictionary, New York, N.Y.: The Century Co., 1911.