arbitrate - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “arbitrate”

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arbitrate

verb [I or T]
 
 
/ˈɑːbɪtreɪt/ LAW
to make an official decision that ends a legal disagreement between people or groups without the need for the disagreement to be solved in court: "We believe that a judge will ultimately say this should be arbitrated, not litigated, and we would comply with that," he said. A LIFFE official is responsible for ensuring an orderly pit and for arbitrating in the case of disputed trades.
to agree to allow a qualified person to find an acceptable solution to a disagreement without the need for the disagreement to be solved in court: Investors generally must agree when they open an account to arbitrate any dispute rather than go to court.
(Definition of arbitrate from the Cambridge Business English Dictionary © Cambridge University Press)
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