Arbitration (Noun)
Meaning 1
The act of deciding as an arbiter; giving authoritative judgment; "they submitted their disagreement to arbitration".
Classification
Nouns denoting acts or actions.
Examples
- The company and the union agreed to go to arbitration to resolve their contract dispute.
- Their disagreement over the construction project's payment was sent to arbitration.
- In a surprise move, the court ruled that the dispute must be settled through binding arbitration.
- Both parties signed an agreement stating that any future disputes would be resolved through arbitration.
- The judge suggested arbitration as a possible solution to the contentious issue between the two companies.
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Meaning 2
(law) the hearing and determination of a dispute by an impartial referee agreed to by both parties (often used to settle disputes between labor and management).
Classification
Nouns denoting communicative processes and contents.