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Meaning of “arbitration” in the English Dictionary

"arbitration" in American English

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arbitrationnoun [U]

 us   /ˌɑr·bɪˈtreɪ·ʃən/
the formal process of having an outside person, chosen by both sides to a disagreement, end the disagreement: Both labor and management have agreed to arbitration.
(Definition of arbitration from the Cambridge Academic Content Dictionary © Cambridge University Press)

"arbitration" in Business English

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arbitrationnoun [U]

uk   us   /ˌɑːbɪˈtreɪʃən/
LAW a process in which an independent person makes an official decision that ends a legal disagreement without the need for it to be solved in court: Arbitration is often preferred by firms in business disputes. binding/mandatory arbitration The Texas high court said they had to go to arbitration because that's what the signed contract required. The dispute is in arbitration.
HR a process in which an independent official tries to avoid a strike (= situation in which workers stop working as a protest) by having discussions that end a disagreement between the workers and their employer: Pension contribution levels have been fixed by collective bargaining and labor arbitration.
(Definition of arbitration from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “arbitration”
in Chinese (Simplified) 仲裁…
in Turkish bir sorunu hakem aracılığı ile çözme, aracı vasıtasıyla halletme…
in Russian третейский суд…
in Chinese (Traditional) 仲裁…
in Polish pośrednictwo, arbitraż…
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“arbitration” in Business English

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