arbitration(redirected from Arbitaration)
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Related to Arbitaration: arbitration clause, Binding arbitration
Dispute resolution conducted and overseen by someone with no stake in the outcome.
arbitration(ar-bi-trā′shŏn) [L. arbitratio, decision]
1. A legal procedure for settling a dispute outside the courts, in which the parties select and agree to abide by the decision of a neutral third party (the arbiter or arbitrator).
2. In radiology, the interpretation of images by two or more readers, who determine and report their findings after conferring together.