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Arbitration   /ˌɑrbɪtrˈeɪʃən/   Listen
noun
Arbitration  n.  The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties. Note: This may be done by one person; but it is usual to choose two or three called arbitrators; or for each party to choose one, and these to name a third, who is called the umpire. Their determination is called the award.
Arbitration bond, a bond which obliges one to abide by the award of an arbitration.
Arbitration of Exchange, the operation of converting the currency of one country into that of another, or determining the rate of exchange between such countries or currencies. An arbitrated rate is one determined by such arbitration through the medium of one or more intervening currencies.






Collaborative International Dictionary of English 0.48








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"Arbitration" Quotes from Famous Books



... Folsom succeed in the last resort at his disposal. At that hour he had lent the quartermaster fifteen thousand dollars on his unindorsed note of hand, on condition that no proceedings whatever should be taken against Mr. Dean, Folsom guaranteeing that every amende should be made that fair arbitration could possibly dictate. He had even gone alone to the bank and brought the cash on Burleigh's representation that it might hurt his credit to appear as a borrower. He had even pledged his word that the transaction ...
— Warrior Gap - A Story of the Sioux Outbreak of '68. • Charles King

... which are and those which are not preconformed to its power; those which genially expand to its temptations, and those which frostily exclude them. Not in the energies of the will, but in the qualities of the nervous organization, lies the dread arbitration of—Fall or stand: doomed thou art to yield, or strengthened constitutionally to resist. Most of those who have but a low sense of the spells lying couchant in opium have practically no sense at all; for the initial fascination is for these effectually defeated by the sickness which Nature ...
— The Opium Habit • Horace B. Day

... were forced to resign under pressure which they might well be excused for finding sufficiently cogent. In order to make the new law a dead letter the colonists resolved that while it was in force they would avoid using stamps by substituting arbitration for any kind of legal procedure. With a people in this temper, there were only two things to be done; to meet their wishes, or to annihilate their opposition. It is possible that Grenville might have preferred to attempt the second alternative, ...
— A History of the Four Georges and of William IV, Volume III (of 4) • Justin McCarthy and Justin Huntly McCarthy

... meeting the distress of working-men's families, were obstructed and restricted in every possible way, their national offices being closed by the police. The officials of the labor-unions who were co-operating with employers in substituting arbitration in place of strikes, establishing soup-kitchens and relief funds, and doing other similar work to keep the nation alive, were singled out for arrest and imprisonment. The Black Hundreds were perniciously active in all this oppression and in the treacherous advocacy ...
— Bolshevism - The Enemy of Political and Industrial Democracy • John Spargo

... maintained to frighten and coerce the foolish. The governments of the world, knowing each other's interests, do not invade each other. They have learned that they can gain much more by international arbitration of disputes than by war and conquest. Indeed, as Carlyle said, "War is a quarrel between two thieves too cowardly to fight their own battle; therefore they take boys from one village and another village; stick them into uniforms, equip them with guns, and let ...
— Anarchism and Other Essays • Emma Goldman


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