What does arbitration mean Meaning and Definition
What does arbitration mean
Pronunciation
/ɑːrˈbɪtrɪti/
Part of Speech
Noun
Definition
A process or forum for settling disputes through negotiation, mediation, or other forms of alternative dispute resolution, often used to avoid or reduce the costs and risks associated with litigation.
Etymology
The word “arbitration” originated from the Latin word “arbitrari,” meaning “to decide” or “to settle,” and was first used in the 16th century to describe the process of settling disputes through the intervention of a third party.
Usage Notes
In formal disputes, arbitration is often used as a preferred method over litigation due to its more flexible and less adversarial nature.
Cultural References
Arbitration has been featured in popular culture, such as in the TV show “Law & Order” and the novel “The Crying of Lot 49” by Thomas Pynchon.
Idiomatic Expressions or Phrases
- “Take it to arbitration” – to take a dispute or issue to a third-party forum for resolution
Related Words or Phrases
- Mediation
- Litigation
- Negotiation
Collocations
- Arbitration agreement
- Arbitration clause
- Arbitration panel
Frequency of Use
Arbitration is increasingly used in modern dispute resolution, with many industries and governments implementing arbitration as a primary method for resolving disputes.
Common Misspellings
- Arbitray
- Aribitration