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English definition of “arbitration”

arbitration

noun [U]     /ˌɑː.bɪˈtreɪ.ʃən/ US  /ˌɑːr-/
the process of solving an argument between people by helping them to agree to an acceptable solution : Both sides in the dispute have agreed to go to arbitration (= to have the disagreement solved by an arbitrator ).Debate and discussionIndustrial relations
(Definition of arbitration noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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