Definitions

1. verb

to settle a dispute or conflict by making a decision that is binding on the parties involved

“The court decided to arbitrate the dispute and awarded the company a significant amount of money.”

2. noun

the act or process of settling a dispute or conflict by making a decision that is binding on the parties involved

“The arbitration process took several hours to complete.”

3. verb

to act as an arbitrator or to serve as an intermediary in a dispute or conflict

“The company will arbitrate in the dispute between the employee and the customer.”