Definition: The hearing and determination of a case in controversy by a third party.
Pronunciation: är-bə-ˈtrā-shən
Used in a Sentence: The dispute between the two brokers was settled by arbitration.
Definition: The hearing and determination of a case in controversy by a third party.
Pronunciation: är-bə-ˈtrā-shən
Used in a Sentence: The dispute between the two brokers was settled by arbitration.