arbitration - Definition & Meaning

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tion

the process in which a person is officially appointed to act as a judge and settle an argument

The dispute was resolved through arbitration rather than a lengthy court trial.
They chose arbitration to settle their contractual disagreement efficiently.
Arbitration allowed the parties to resolve their disagreement quickly and avoid the lengthy process of going to trial.
In complex commercial disputes, arbitration is often preferred for its efficiency and confidentiality.
After months of negotiation failed to resolve the issue, the parties agreed to arbitration to settle their differences.

Synonyms:

a process where parties resolve disputes through a neutral third party

The construction contract included a clause requiring arbitration to settle any disputes between the contractor and the client.
Rather than engaging in lengthy court battles, the parties opted for arbitration to resolve their disagreement swiftly.
The labor union and management agreed to arbitration to negotiate a new collective bargaining agreement.
The landlord and tenant turned to arbitration to resolve issues related to lease terms and rental payments.
The consumer opted for arbitration instead of pursuing a lawsuit against the product manufacturer for damages.