arbitration

== English == === Etymology === From Middle English arbitracion, borrowed from Old French arbitration, from Latin arbitratio, from arbitrari (“to arbitrate, judge”); see arbitrate. === Pronunciation === (Received Pronunciation) IPA(key): /ˌɑː.bɪˈtɹeɪ.ʃən/, [ˌɑː.bəˈt̠͡ɹ̠eɪ.ʃn̩] (General American) IPA(key): /ˌɑɹ.bɪˈtɹeɪ.ʃən/, [ˌɑɹ.bəˈt̠͡ɹ̠eɪ.ʃn̩] Rhymes: -eɪʃən === Noun === arbitration (countable and uncountable, plural arbitrations) The act or process of arbitrating. A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute. 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. ==== Derived terms ==== ==== Related terms ==== ==== Translations ==== ==== Further reading ==== “arbitration”, in Webster’s Revised Unabridged Dictionary, Springfield, Mass.: G. & C. Merriam, 1913, →OCLC. William Dwight Whitney, Benjamin E[li] Smith, editors (1911), “arbitration”, in The Century Dictionary […], New York, N.Y.: The Century Co., →OCLC. == French == === Pronunciation === === Noun === arbitration f (plural arbitrations) arbitration ==== Related terms ==== arbitratif === Further reading === “arbitration”, in Trésor de la langue française informatisé [Digitized Treasury of the French Language], 2012