arbitration
/ˌɑːrbɪˈtreɪʃən/
noun
- A process for settling a disagreement between two or more people or groups, in which an impartial third party makes a decision that both sides agree to follow.
- Many labor contracts include a clause requiring arbitration if the union and management cannot agree.
- After months of arguing, the neighbors agreed to binding arbitration to settle the property line issue.
- The two companies decided to resolve their contract dispute through arbitration instead of going to court.
Synonyms