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 arbitration arbitration /ˌɑːrbɪˈtreɪʃən/

noun

  1. The act of deciding as an arbiter; giving authoritative judgment  ( arbitrament , arbitration , arbitrement )
    the act of deciding as an arbiter; giving authoritative judgment
     They submitted their disagreement to arbitration
    they submitted their disagreement to arbitration
  2. (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)  ( arbitration )
    (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)