Arbitration Ar`bi*tra"tion, n. [F. arbitration, L. arbitratio, fr. arbitrari.] The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties. [1913 Webster]

Note: This may be done by one person; but it is usual to choose two or three called arbitrators; or for each party to choose one, and these to name a third, who is called the umpire. Their determination is called the award. --Bouvier [1913 Webster]

{Arbitration bond}, a bond which obliges one to abide by the award of an arbitration.

{Arbitration of Exchange}, the operation of converting the currency of one country into that of another, or determining the rate of exchange between such countries or currencies. An arbitrated rate is one determined by such arbitration through the medium of one or more intervening currencies. [1913 Webster]

The Collaborative International Dictionary of English. 2000.


Look at other dictionaries:

  • arbitration — arbitrage (франц.) = Schiedsgerichtsbarkeit (нем.) арбитраж, разрешение спора нейтральным лицом или органом, полномочия которого основаны на арбитражном соглашении (arbitration agreement) и чье решение носит окончательный и обязательный характер …   Glossary of international commercial arbitration

  • Arbitration — • A method of arranging differences between two parties by referring them to the judgment of a disinterested outsider whose decision the parties to a dispute agree in advance to accept as in some way binding Catholic Encyclopedia. Kevin Knight.… …   Catholic encyclopedia

  • arbitration — ar·bi·tra·tion /ˌär bə trā shən/ n [Latin arbitratio, from arbitrari to judge, arbitrate, from arbiter onlooker, arbitrator]: the process of resolving a dispute (as between labor and management) or a grievance outside of the court system by… …   Law dictionary

  • ARBITRATION — ARBITRATION, method of settling disputes by their submission, voluntarily and with the mutual consent of all parties, for adjudication by a person or institution. Function of Arbitration In ancient Greek and Roman law – up to the middle of the… …   Encyclopedia of Judaism

  • Arbitration — steht für einen juristischen Vermittlungsvorgang, siehe Schiedsverfahren, bzw. die verwandte Mediation eine elektronische Schaltung, siehe Arbiter Diese Seite ist eine Begriffsklärung zur Unterscheid …   Deutsch Wikipedia

  • arbitration — A dispute resolution mechanism, whereby an independent neutral third party is appointed to hear and consider the merits of the dispute, and who renders a final and binding decision called an award. (Dictionary of Canadian Bankruptcy Terms) United …   Glossary of Bankruptcy

  • arbitration — ⇒ARBITRATION, subst. fém. JURISPR. ,,Estimation faite en gros et sans entrer dans le détail. (Ac. 1835, 1878). Rem. Noté comme ,,peu usité par Ac. 1835 et 1878, ainsi que par GUÉRIN 1892 et QUILLET 1965, vieilli par BESCH. 1845, ,,vieux par Lar.… …   Encyclopédie Universelle

  • arbitration — ARBITRATION. s. fém. Terme de Jurisprudence. Estimation …   Dictionnaire de l'Académie Française 1798

  • arbitration — (n.) late 14c., absolute decision, from O.Fr. arbitracion, from L. arbitrationem (nom. arbitratio) judgment, will, noun of action from pp. stem of arbitrari to be of an opinion, give a decision, from arbiter (see ARBITER (Cf. arbiter)). Meaning… …   Etymology dictionary

  • arbitration — [n] settlement of dispute adjudication, adjustment, agreement, compromise, decision, determination, judgment, mediation; concepts 126,300 …   New thesaurus

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