Arbitration: meaning, definitions and examples
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arbitration
[ ˌɑːrbɪˈtreɪʃən ]
legal proceedings
The process of settling disputes between parties through an impartial third party, whose decision is legally binding.
Synonyms
arbitrament, conciliation, mediation
Examples of usage
- The arbitration process is often used to resolve conflicts without going to court.
- The company agreed to enter into arbitration to settle the dispute with its employees.
sports
The official judgment or decision made by an arbitrator in a sports competition.
Synonyms
referee decision, umpire call
Examples of usage
- The arbitration ruled in favor of the defending champion.
- The arbitration determined that the player had committed a foul.
business
The process of resolving disputes between companies or individuals outside of the court system.
Synonyms
ADR, alternative dispute resolution
Examples of usage
- The contract included a clause for arbitration in case of disagreements.
- The arbitration agreement outlined the steps for resolving the dispute.
Translations
Translations of the word "arbitration" in other languages:
🇵🇹 arbitragem
🇮🇳 मध्यस्थता
🇩🇪 Schiedsgerichtsbarkeit
🇮🇩 arbitrase
🇺🇦 арбітраж
🇵🇱 arbitraż
🇯🇵 仲裁
🇫🇷 arbitrage
🇪🇸 arbitraje
🇹🇷 arabuluculuk
🇰🇷 중재
🇸🇦 تحكيم
🇨🇿 arbitráž
🇸🇰 arbitráž
🇨🇳 仲裁
🇸🇮 arbitraža
🇮🇸 gerðardómur
🇰🇿 арабитраж
🇬🇪 არბიტრაჟი
🇦🇿 arbitraj
🇲🇽 arbitraje
Word origin
The word 'arbitration' comes from the Latin word 'arbitratus', meaning 'considered' or 'judged'. The practice of arbitration dates back to ancient times, where neutral third parties were used to settle disputes. In modern times, arbitration has become a popular method for resolving conflicts outside of the court system, offering a more efficient and cost-effective way to achieve a resolution.
See also: arbitrable.