arbitrator
noun
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- A person to whom the authority to settle or judge a dispute is delegated.
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arbitre
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arbitration
noun
/ˌɑɹ.bɪˈtɹeɪ.ʃən/
,
/ˌɑː.bɪˈtɹeɪ.ʃən/
,
[ˌɑɹ.bəˈt̠͡ɹ̠eɪ.ʃn̩]
,
[ˌɑː.bəˈt̠͡ɹ̠eɪ.ʃn̩]
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- The act or process of arbitrating.
- A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
- In general, a form of justice where both parties designate a person whose ruling they will accept formally. More specifically in Market Anarchist (market anarchy) theory, arbitration designates the process by which two agencies pre-negotiate a set of common rules in anticipation of cases where a customer from each agency is involved in a dispute.
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arbitrage
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arbitrate
verb
/ˈɑːbɪtreɪt/
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- To make a judgment (on a dispute) as an arbitrator or arbiter
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arbitrer
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