Arbitration refers to the resolution of a conflict by a neutral third party who studies both sides and imposes a settlement. It a form of Negotiation to resolve differences conducted by some impartial party

See also:
"Arbitration" is in the CPC Code "82191"
  Arbitration and conciliation services

"Arbitration" is in the NAICS Code "541990"
  All Other Professional, Scientific, and Technical Services
  Arbitration and conciliation services (except by lawyer, attorney, or paralegal offices)

Other /More definition:
Arbitration refers to a method of resolving conflicts in which a neutral third party is asked to choose which side is correct; resolution of a conflict by a neutral third party who studies both sides and imposes a settlement

Related Articles

Mediation at psychology-glossary.com■■■■■■■
Mediation is defined as an attempt by a neutral third party to resolve a conflict by facilitating communication . . . Read More
Third-party intervention at psychology-glossary.com■■■■■■■
Third-party intervention it is when a neutral party is asked to help resolve a conflict; - - Third-party . . . Read More
Dispute at psychology-glossary.com■■■■■■
Dispute refers to the arguments , disagreements and fights that take place between people who are experiencing . . . Read More
Nonbinding arbitration at psychology-glossary.com■■■■■
Nonbinding arbitration refers to a method of resolving conflicts in which a neutral third party is asked . . . Read More
Binding arbitration at psychology-glossary.com■■■■■
Binding arbitration refers to a method of resolving conflicts in which a neutral third party is asked . . . Read More
Alarm at psychology-glossary.com■■■■
Alarm refers to the set of biologic reactions indicating imminence of major hazard. - - See also: - . . . Read More
Development at psychology-glossary.com■■■■
Development refers to the systematic and successive changes that follow a logical or orderly pattern . . . Read More
Compromise at psychology-glossary.com■■■■
Compromise refers to the settlement of a dispute by mutual concession. A compromise often results in . . . Read More
Conciliation at psychology-glossary.com■■■■
Conciliation refers to an informal process where a third party tries to reduce tension to a level where . . . Read More
Modelling at psychology-glossary.com■■■
Modelling refers to the demonstration of a behaviour so that it may be learnt vicariously by the client. . . . Read More