arbitration
noun/ˌɑrbɪˈtreɪʃən/
Frequency rank: #5,866 of 20,003 in the WORDED list (wordfreq data)
Meaning
A method of resolving disputes outside of court, where an independent third party makes a binding decision.
Example sentence
The two companies agreed to settle their dispute through arbitration rather than going to court.
Synonyms & related words
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