arbitration

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Related to going to arbitration: went to arbitration, Binding arbitration

ar·bi·tra·tion

(ahrbi-trāshŭn)
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.
References in periodicals archive ?
So what we are trying to do now is instead of going to arbitration we are trying to reach a fair settlement between the two parties," said the official, who asked not to be identified by name.
Zafar Ahmed Khan Sherwani apprised the Chairman SECP that the Karachi Stock Exchange and other Exchanges can take benefit of mediation services of KCDR under Regulation 26 of the Karachi Stock Exchange regulation "Dispute to be referred to Arbitration" for amicable settlement of dispute before going to arbitration.
If that's the case, you're going to arbitration," says Stephen Harvey, a partner at Pepper Hamilton.
The deal buys out Reynolds' next three seasons, leaving Arizona with the choice of picking up his option or going to arbitration in his final year of eligibility.