Arbitration - Meaning, Definition & English Examples
Arbitration is a method of resolving disputes where an impartial third party makes a binding decision, often used as an alternative to court litigation. It is common in business and legal conflicts.
Definition:
The process of resolving disputes between parties through an impartial third party's decision.
Synonyms:
mediation, negotiation, adjudication, conciliation
Part of Speech:
noun
Antonyms:
conflict, litigation
Common Collocations:
binding arbitration, arbitration agreement, arbitration process, arbitration clause
Derivatives:
arbitrator, arbitrate
Usage Tips:
Use "arbitration" when referring to formal dispute resolution outside court, often in legal or business contexts.
Common Phrases:
go to arbitration, settle by arbitration, arbitration hearing
Etymology:
Derived from Latin "arbitrari," meaning to judge or decide, via Old French "arbitration."
Examples:
- 1. The union and management agreed to arbitration to resolve their dispute.
- 2. Their contract includes a clause for mandatory arbitration in case of disagreements.
- 3. The arbitrator’s decision in the arbitration was final and binding.
- 4. Many companies prefer arbitration over lengthy court battles for efficiency.