Arbitral: meaning, definitions and examples
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arbitral
[ ˈɑːr.bɪ.trəl ]
legal context
Arbitral refers to something related to arbitration, which is a method of resolving disputes outside of court. It typically involves a neutral third party making a decision that is usually binding on both parties.
Synonyms
arbitrational, conciliatory, mediative
Examples of usage
- The arbitral award was accepted by both parties.
- She preferred arbitral proceedings for quicker resolution.
- The arbitral tribunal convened to hear the case.
Word origin
The term 'arbitral' originates from the Latin word 'arbitralis', derived from 'arbiter', meaning a judge or one who gives judgment. The concept of arbitration has been traced back to ancient Greece, where disputes were often resolved by a third party. The use of arbitration grew in the Middle Ages, particularly in trade disputes, as merchants preferred to settle their differences outside of the courts to avoid lengthy legal processes. By the time modern legal systems were established, arbitration became an accepted method of dispute resolution. 'Arbitral', as an adjective, entered the English language to describe processes, awards, or decisions that pertains specifically to arbitration, emphasizing its importance in both commercial and legal contexts.