arbitration: Meaning and Definition of

ar•bi•tra•tion

1. the hearing and determining of a dispute or the settling of differences between parties by a person or persons chosen or agreed to by them: Rather than risk a long strike, the union and management agreed to arbitration.
2. the application of judicial methods to the settlement of international disputes.

Arbitration The

1. a comedy (c300 b.c.) by Menander, extant only as a fragment.