arbitration

Noun
  1. (law) the hearing and determination of a dispute by an impartial referee agreed to by both parties (often used to settle disputes between labor and management) (synset 107165558)
    referred to in: jurisprudence, law - the collection of rules imposed by authority
    is a type of: mediation - a negotiation to resolve differences that is conducted by some impartial party
  2. The act of deciding as an arbiter;
    Giving authoritative judgment (synset 101193374)
    "they submitted their disagreement to arbitration"
    is a type of: judgement, judgment, judicial decision - (law) the determination by a court of competent jurisdiction on matters submitted to it
    same as: arbitrament, arbitrement

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