Also see definition of "arbitration" in Bible Study Dictionaries
Word Study
arbitration
CIDE DICTIONARY
arbitration, n. [F. arbitration, L. arbitratio, fr. arbitrari.].
The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties. [1913 Webster]
" This may be done by one person; but it is usual to choose two or three called arbitrators; or for each party to choose one, and these to name a third, who is called the umpire. Their determination is called the award." Bouvier [1913 Webster]
OXFORD DICTIONARY
arbitration, n. the settlement of a dispute by an arbitrator.
Etymology
ME f. OF f. L arbitratio -onis (as ARBITER, -ATION)
ROGET THESAURUS
arbitration
Mediation
N mediation, mediatorship, mediatization, intervention, interposition, interference, intermeddling, intercession, arbitration, flag of truce, good offices, peace offering, parley, negotiation, diplomatics, diplomacy, compromise, mediator, arbitrator, intercessor, peacemaker, makepeace, negotiator, go-between, diplomatist, moderator, propitiator, umpire, mediatory.Judgment
N judgment, result, conclusion, upshot, deduction, inference, ergotism, illation, corollary, porism, moral, estimation, valuation, appreciation, judication, dijudication, adjudication, arbitrament, arbitrement, arbitration, assessment, ponderation, valorization, award, estimate, review, criticism, critique, notice, report, decision, determination, judgment, finding, verdict, sentence, decree, findings of fact, findings of law, res judicata, plebiscite, voice, casting vote, vote, opinion, good judgment, judge, umpire, arbiter, arbitrator, asessor, referee, censor, reviewer, critic, connoisseur, commentator, inspector, inspecting officer, twenty-twenty hindsight, armchair general, monday morning quarterback, judging, judicious, determinate, conclusive, on the whole, all things considered, a Daniel come to judgment, and stand a critic, hated yet caress'd, it is much easier to be critical than to be correc, la critique est aisee et l'art est difficile, nothing if not critical, O most lame and impotent conclusion.Also see definition of "arbitration" in Bible Study Dictionaries
For further exploring for "arbitration" in Webster Dictionary Online