Definition of "arbitration" []

• The process by which the parties to a dispute submit their differences to the judgment of an impartial person or group appointed by mutual consent or statutory provision. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "There has been some uncertainty as to whether arbitration is a valid method for resolving these cases."
• "The term "arbitration" is here used presumably in the French sense, to cover all kinds of settlement before a tribunal involving positive compliance with the decision or award."
• "Why should an investor in arbitration have to conduct research to find this declaration?"