arbitration
C1CEFR level
45/100Rarity: uncommon
TechnicalRegister
Law noun
Settling a dispute via a neutral third party instead of a court.
The contract requires arbitration before any lawsuit.
Business noun
The settlement of a dispute by an impartial third party whose decision the parties agree to accept.
When negotiations stalled, the pay dispute was referred to independent arbitration.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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