arbitration
/ˌɑɹbɪˈtɹeɪʃən/
Resolution of a dispute by an impartial third party
arbitration in a sentence
“The contract requires arbitration rather than litigation for disputes.”
Origin of arbitration
From Latin arbitrari (to give judgment), from arbiter (judge, witness)
Related Words
indemnity
Security against legal liability for one's actions
estoppel
A legal principle preventing someone from arguing something contrary to a previous claim
malfeasance
Wrongdoing or misconduct, especially by a public official
prima facie
Based on first impression; accepted as correct until proven otherwise
quid pro quo
Something given in exchange for something else
statute of limitations
The time limit for initiating legal proceedings