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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



... those stormy hours. Most of the stamp officers 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 ...
— A History of the Four Georges and of William IV, Volume III (of 4) • Justin McCarthy and Justin Huntly McCarthy

... credit as president, which will be monuments in history, are extraordinary in number and importance. To mention only a few: He placed the Monroe Doctrine before European governments upon an impregnable basis by his defiance to the German Kaiser, when he refused to accept arbitration and was determined to make war on Venezuela. The president cabled: "Admiral Dewey with the Atlantic Fleet sails to-morrow." And the Kaiser accepted arbitration. Raissuli, the Moroccan bandit, who had seized and held for ransom ...
— My Memories of Eighty Years • Chauncey M. Depew

... sexes over twenty, electoral reform, two-year parliaments, direct legislation "through the people," some form of parliamentary government, autonomy of the people in Empire, State, Province, and Parish, conscription, national militia instead of standing army, international arbitration, abolition of State religion, free and compulsory education, abolition of capital punishment, free burial, free medical assistance, free legal advice and advocacy, progressive succession duties, inheritance tax, abolition of indirect taxation and customs, parliamentary ...
— William of Germany • Stanley Shaw

... of keeping his own counsel, and capable of making up his own mind. In these three respects he differs materially from our present President whose last flop on the arbitration of the Panama Canal proposition ...
— The Letters of Franklin K. Lane • Franklin K. Lane

... Union of Old Maids. This ancient and powerful order averred through its Supreme Executive Head that the boycotting of my father and the retaliatory lock-out of my mother were seriously imperiling the interests of religion. The proclamation went on to state that if arbitration were not adopted by noon that day all the old maids of the federation ...
— The Collected Works of Ambrose Bierce, Volume 8 - Epigrams, On With the Dance, Negligible Tales • Ambrose Bierce


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