ARBITRATIONS

12 letters 14 Scrabble points

Definition of ARBITRATIONS

noun

  1. The act or process of arbitrating.

  2. A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.

  3. In general, a form of justice where both parties designate a person whose ruling they will accept formally. More specifically in Market Anarchist (market anarchy) theory, arbitration designates the process by which two agencies pre-negotiate a set of common rules in anticipation of cases where a customer from each agency is involved in a dispute.

Source: Wiktionary

Word Details

Letters A R B I T R A T I O N S
Length 12 letters
Scrabble Score 14 points