⚖️arbitration

noun
/ˌɑːrbɪˈtreɪʃən/

Meaning

the process of resolving a dispute through an impartial third party whose decision is binding; formal judgment outside a court

Example Sentences

The contract requires arbitration to settle any disputes.

Example Expressions

arbitration clause

Synonyms

mediation, adjudication, settlement, conciliation

Antonyms

litigation, disagreement

Collocations

binding arbitration, arbitration clause, arbitration agreement, international arbitration

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