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[Latin arbitratio, from arbitrari to judge, arbitrate, from arbiter onlooker, arbitrator]
: the process of resolving a dispute (as between labor and management) or a grievance outside of the court system by presenting it to an impartial third party or panel for a decision that may or may not be binding compare mediation
final offer arbitration
: interest arbitration in which the arbitrator must accept or reject the final offer of any party and may not decide to compromise
: arbitration of a dispute over something in an existing collective bargaining agreement called also rights arbitration compare interest arbitration in this entry
: arbitration of a dispute over the provisions to be entered in a new contract compare grievance arbitration in this entry
: grievance arbitration in this entry
ar·bi·tra·tion·al [Ä r-bə-trā-shə-nəl]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.