Crossword clues for arbitration
Longman Dictionary of Contemporary English
The Collaborative International Dictionary
Arbitration \Ar`bi*tra"tion\, n. [F. arbitration, L. arbitratio, fr. arbitrari.] 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
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.
Douglas Harper's Etymology Dictionary
late 14c., "absolute decision," from Old French arbitracion, from Latin arbitrationem (nominative arbitratio) "judgment, will," noun of action from past participle stem of arbitrari "to be of an opinion, give a decision," from arbiter (see arbiter). Meaning "settlement of a dispute by a third party" is from 1630s.
n. 1 The act or process of arbitrate. 2 A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute. 3 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.
n. (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, a form of alternative dispute resolution (ADR), is a technique for the resolution of disputes outside the courts. The parties to a dispute refer it to arbitration by one or more persons (the "arbitrators", "arbiters" or " arbitral tribunal"), and agree to be bound by the arbitration decision (the " award"). A third party reviews the evidence in the case and imposes a decision that is legally binding on both sides and enforceable in the courts.
Arbitration is often used for the resolution of commercial disputes, particularly in the context of international commercial transactions. In certain countries such as the United States, arbitration is also frequently employed in consumer and employment matters, where arbitration may be mandated by the terms of employment or commercial contracts.
Arbitration can be either voluntary or mandatory (although mandatory arbitration can only come from a statute or from a contract that is voluntarily entered into, where the parties agree to hold all existing or future disputes to arbitration, without necessarily knowing, specifically, what disputes will ever occur) and can be either binding or non-binding. Non-binding arbitration is similar to mediation in that a decision cannot be imposed on the parties. However, the principal distinction is that whereas a mediator will try to help the parties find a middle ground on which to compromise, the (non-binding) arbitrator remains totally removed from the settlement process and will only give a determination of liability and, if appropriate, an indication of the quantum of damages payable. By one definition arbitration is binding and non-binding arbitration is therefore technically not arbitration.
Arbitration is a proceeding in which a dispute is resolved by an impartial adjudicator whose decision the parties to the dispute have agreed, or legislation has decreed, will be final and binding. There are limited rights of review and appeal of arbitration awards. Arbitration is not the same as:
Usage examples of "arbitration".
High Contracting Parties, before appealing to the Permanent Court of Arbitration, shall conclude a special Agreement defining clearly the matter in dispute and the scope of the powers of the Arbitrators, and fixing the periods for the formation of the Arbitral Tribunal and the several stages of the procedure.
ON ROYAL ARBITRATION OF AMERICAN BOUNDARY LINE TO THE SENATE OF THE UNITED STATES The Senate has transmitted to me a copy of the message sent by my predecessor to that body on the 21st of February last, proposing to take its advice on the subject of a proposition made by the British Government through its minister here to refer the matter in controversy between that government and the Government of the United States to the arbitrament of the King of Sweden and Norway, the King of the Netherlands, or the Republic of the Swiss Confederation.
Senate has approved treaties providing for the submission of specific matters to arbitration, leaving it to the President to determine exactly the form and scope of the matter to be arbitrated and to appoint the arbitrators.
Unlike mediation, arbitration requires you to give up control of your dispute to the arbitrator, who takes the place of judge and jury.
Cases involving interpersonal disputes often are not well suited to arbitration, because problems with the relationship probably will not be discussed or decided.
Then, if that fails, an arbitration session is scheduled before a different neutral.
Lawyers, retired judges, and others sometimes promote themselves as independent arbitrators who hear cases on their own, outside of an arbitration service.
Staff members of the arbitration service or panel members with more general backgrounds may also be available.
These include reading the material sent by the arbitration firm, looking for someone who is knowledgeable about the subject area of the dispute, and getting referrals from friends, businesses, community leaders, lawyers, and others.
Nevertheless, a typical arbitration award simply orders one party to pay money to another.
Electoral rights shall be prepared to discuss every subject that the Government of the South African Republic may desire to bring before it, including arbitration, exclusive always of the intervention of Foreign Powers.
Van Boeschoten, Secretary of State to the Transvaal at that time, proposed arbitration, the arbitrator to be chosen by the President of the Swiss Confederation.
France by the law on optional arbitration, and in England by the Conciliation Act of 1896.
England and the Transvaal, the Arbitration Question is closely connected with the Suzerainty Question.
Government of the South African Republic proposes that the contested points of the Convention shall be submitted to arbitration, the arbitrator to be appointed by the President of the Swiss Confederation.