US /ˌɑrbɪˈtreɪʃən/ UK /ˌɑːbɪˈtreɪʃən/
noun

Meanings

  1. 1
    noun

    the settling of a dispute by an impartial third party outside court

    Both sides agreed to binding arbitration rather than a lengthy trial.

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Etymology

From Latin arbitrationem, from arbitrari ('to judge, decide'), from arbiter ('judge, witness').

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