"arbitration" in the noun sense
1. arbitration
law) the hearing and determination of a dispute by an impartial referee agreed to by both parties (often used to settle disputes between labor and management)
2. arbitration, arbitrament, arbitrement
the act of deciding as an arbiter giving authoritative judgment
"they submitted their disagreement to arbitration"
Source: WordNet® (An amazing lexical database of English)
Princeton University "About WordNet®."
WordNet®. Princeton University. 2010.
View WordNet® License