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arbitration

/ˌɑrbɪˈtreɪʃən/ /ˌɑːbɪˈtreɪʃən/
noun
GeneralBusinessLaw
  1. 1 tahkim
  2. 2 hakemlik

Definition (English)

  1. The process of settling a dispute by agreeing to accept the decision of an impartial outsider.
  2. A method of resolving disputes outside of courts, where a neutral arbitrator makes a binding decision.

Example Sentences

  1. The case went to arbitration.
    Dava tahkime gitti.
  2. They chose arbitration over a lawsuit.
    Dava yerine tahkimi seçtiler.

Synonyms

mediationconciliationnegotiationsettlementadjudication

Antonyms

litigationdisputeconflict

Collocations

arbitration processarbitration agreementbinding arbitrationarbitration clausesubmit to arbitration

Related Words

arbitratordispute resolutioncontractagreementcourttribunal