The arbitration
Example: Arbitration resolves disputes outside court through neutral party
Definition
"Arbitration" is a legal process in which disputes are resolved outside of court by one or more neutral third parties who make a binding decision. It offers an alternative to litigation, often providing a faster and less formal resolution for conflicting parties.
Etymology
The term "arbitration" originates from the Latin word 'arbitrare,' meaning to judge or to decide. It entered English in the late Middle Ages, reflecting the practice of appointing an impartial person to settle disputes. Did you know arbitration has roots in ancient customs where community elders acted as arbitrators?
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"The arbitration" appears in the Vocaplus list "English - Law - (A1-C2) - set 1", containing 125 commonly used words.
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