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Arbitration

//ˌɑː.bɪˈtɹeɪ.ʃən// noun

Noun

1
The act or process of arbitrating. countable, uncountable
2
the act of deciding as an arbiter; giving authoritative judgment wordnet
3
A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute. countable, uncountable
4
(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) wordnet
5
In general, a form of justice where both parties designate a person whose ruling they will accept formally. More specifically in Market Anarchist (market anarchy) theory, arbitration designates the process by which two agencies pre-negotiate a set of common rules in anticipation of cases where a customer from each agency is involved in a dispute. countable, uncountable

From Middle English arbitracion, borrowed from Old French arbitration, from Latin arbitratio, from arbitrari (“to arbitrate, judge”); see arbitrate.

Unscramble this word: arbitration