arbitration
n. mediation, settling of a dispute through a mutually chosen mediator | ||||
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Arbitration definition was found in categories: Language, Idioms & Slang(3) Law(8) Business & Finance(2) Sports(1) Computer & Internet(1) Encyclopedia(1)
Arbitration Definition from Language, Idioms & Slang Dictionaries & Glossaries
| Webster's Revised Unabridged Dictionary (1913) |
Arbitration
(n.)
The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties.
(n.)
The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties.
| WordNet 2.0 |
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)
(hypernym) mediation
(derivation) intercede, mediate, intermediate, liaise, arbitrate
(classification) law, jurisprudence
2. the act of deciding as an arbiter; giving authoritative judgment; "they submitted their disagreement to arbitration"
(synonym) arbitrament, arbitrement
(hypernym) judgment, judgement, judicial decision
(derivation) intercede, mediate, intermediate, liaise, arbitrate
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)
(hypernym) mediation
(derivation) intercede, mediate, intermediate, liaise, arbitrate
(classification) law, jurisprudence
2. the act of deciding as an arbiter; giving authoritative judgment; "they submitted their disagreement to arbitration"
(synonym) arbitrament, arbitrement
(hypernym) judgment, judgement, judicial decision
(derivation) intercede, mediate, intermediate, liaise, arbitrate
| hEnglish - advanced version |
arbitration
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.
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.
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.
similar words(2)
arbitration of exchange
arbitration bond
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.
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.
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.
similar words(2)
arbitration of exchange
arbitration bond
Arbitration Definition from Law Dictionaries & Glossaries
| The 'Lectric Law Library |
ARBITRATION
A method of alternative dispute resolution in which the disputing parties agree to abide by the decision of an arbitrator(s).
The submission of a dispute to an impartial third person or persons. The arbitrator or arbitrators are selected directly by the parties or are chosen in accordance with the terms of a contract in which the parties have agreed to use a court-ordered arbitrator or an arbitrator from the American Arbitration Association. If there is no contract, usually each party chooses an arbitrator and the two arbitrators select a third. When parties submit to arbitration, they agree to be bound by and comply with the arbitrators' decision. The arbitrators' decision is given after an informal proceeding where each side presents evidence and witnesses.
Some arbitration proceedings are mandatory (enforced by statute), such as many labor disputes. Other arbitration proceedings are selected in advance and written into contracts. In fact, many couples who sign cohabitation agreements or divorce agreements include a clause agreeing to go to arbitration if any dispute should arise, thereby avoiding the delay, expense, bitterness and formality of litigation. Other arbitration proceedings are chosen by the disputing parties after the conflict arises, but are also to avoid the delay, expense, bitterness and formality of courts.
A method of alternative dispute resolution in which the disputing parties agree to abide by the decision of an arbitrator(s).
The submission of a dispute to an impartial third person or persons. The arbitrator or arbitrators are selected directly by the parties or are chosen in accordance with the terms of a contract in which the parties have agreed to use a court-ordered arbitrator or an arbitrator from the American Arbitration Association. If there is no contract, usually each party chooses an arbitrator and the two arbitrators select a third. When parties submit to arbitration, they agree to be bound by and comply with the arbitrators' decision. The arbitrators' decision is given after an informal proceeding where each side presents evidence and witnesses.
Some arbitration proceedings are mandatory (enforced by statute), such as many labor disputes. Other arbitration proceedings are selected in advance and written into contracts. In fact, many couples who sign cohabitation agreements or divorce agreements include a clause agreeing to go to arbitration if any dispute should arise, thereby avoiding the delay, expense, bitterness and formality of litigation. Other arbitration proceedings are chosen by the disputing parties after the conflict arises, but are also to avoid the delay, expense, bitterness and formality of courts.
| Duhaime.org Legal Dictionary |
Arbitration
An agreement to submit a dispute for a hearing and binding decision by a third-party, an arbitrator(s), who is neither a judge or a Court - (read more on Arbitration)
An agreement to submit a dispute for a hearing and binding decision by a third-party, an arbitrator(s), who is neither a judge or a Court - (read more on Arbitration)
| Law Dictionary |
Arbitration
Submitting a controversy to an impartial person, the arbitrator,chosen by the two parties in the dispute to determine an equitable settlement.Where the parties agree to be bound by the determination of the arbitrator, theprocess is called binding arbitration. In labor law, arbitration has become animportant means of settling disputes, and the majority of labor contractsprovide for arbitration of disputes over the meaning of contract clauses.
Submitting a controversy to an impartial person, the arbitrator,chosen by the two parties in the dispute to determine an equitable settlement.Where the parties agree to be bound by the determination of the arbitrator, theprocess is called binding arbitration. In labor law, arbitration has become animportant means of settling disputes, and the majority of labor contractsprovide for arbitration of disputes over the meaning of contract clauses.
| European Commission Glossary of Justice and home affairs |
arbitration
Intervention of a third party to solve a civil or commercial dispute under the alternative dispute resolution methods being developed by the EU. (See judicial-civil)
Intervention of a third party to solve a civil or commercial dispute under the alternative dispute resolution methods being developed by the EU. (See judicial-civil)
| Divorcesource.com Dictionary |
ARBITRATION
a legally binding, but not a judicial procedure. When a neutral third party makes judgment on a case. This is not permitted in most states or provinces.
a legally binding, but not a judicial procedure. When a neutral third party makes judgment on a case. This is not permitted in most states or provinces.
| TAO OF DIVORCE A - Z |
Arbitration
A legally binding non-judicial procedure held before a neutral third party,the "arbitrator," who acts as private judge. Unlike mediation, neither party can unilaterally terminate the process, and both parties are bound by the arbitrator’s decision, as if a judge acted in her official capacity. In some states, judges refer certain cases or aspects of cases for arbitration.
A legally binding non-judicial procedure held before a neutral third party,the "arbitrator," who acts as private judge. Unlike mediation, neither party can unilaterally terminate the process, and both parties are bound by the arbitrator’s decision, as if a judge acted in her official capacity. In some states, judges refer certain cases or aspects of cases for arbitration.
| Massachusetts Divorce Law Dictionary |
Arbitration
A legally binding, non-judicial procedure held before a neutral third party, the "arbitrator," who acts as private judge; not available for Massachusetts divorces.
A legally binding, non-judicial procedure held before a neutral third party, the "arbitrator," who acts as private judge; not available for Massachusetts divorces.
| Canadian Insolvency Dictionary |
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.
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.
Arbitration Definition from Business & Finance Dictionaries & Glossaries
| BASSAM Trade, Real Estate, Mortgage, Fund,Invest, Insurance,& Tax,Terms/abbreviations/defin. |
ARBITRATION
The process of submitting a dispute to an independent expert for a decision. Usually both parties agree to abide by the decision made in the arbitration process. Example: A dispute between labor and management.
The process of submitting a dispute to an independent expert for a decision. Usually both parties agree to abide by the decision made in the arbitration process. Example: A dispute between labor and management.
| A Guide to Futures and Options Market Terminology : English-English |
Arbitration
The procedure available to customers for the settlement of disputes. Brokers and exchange members are required to participate in arbitration to settle disputes. Arbitration is available through the exchanges, the NFA, and the CFTC.
The procedure available to customers for the settlement of disputes. Brokers and exchange members are required to participate in arbitration to settle disputes. Arbitration is available through the exchanges, the NFA, and the CFTC.
Arbitration Definition from Sports Dictionaries & Glossaries
| maritime&shipping&trade |
ARBITRATION
Method of settling disputes which is usually binding on parties. A clause usually in a charter party
Method of settling disputes which is usually binding on parties. A clause usually in a charter party
Arbitration Definition from Computer & Internet Dictionaries & Glossaries
| SAN Acronyms |
Arbitration
A method of gaining orderly access to a shared-loop topology.
A method of gaining orderly access to a shared-loop topology.
Arbitration Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Arbitration
Arbitration is a legal technique for the resolution of disputes outside the courts, wherein the parties to a dispute refer it to one or more persons such as (the "arbitrators", "arbiters" or "arbitral tribunal"), by whose decision (the "award") they agree to be bound. Arbitration in the United States and in other countries often includes alternative dispute resolution (ADR), a category that more commonly refers to mediation (a form of settlement negotiation facilitated by a neutral third party). It is more helpful, however, simply to classify arbitration as a form of binding dispute resolution, equivalent to litigation in the courts, and entirely distinct from the various forms of non-binding dispute resolution, such as negotiation, mediation, or non-binding determinations by experts.
| See more at Wikipedia.org... |