arbitration

Definition

• n. (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)
• n. the act of deciding as an arbiter; giving authoritative judgment

Word forms

Plural

arbitrations

Example sentences

1. n.

   The two companies agreed to settle their dispute through arbitration instead of going to court.

2. n.

   In computer science, arbitration is used to manage access to shared resources.