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arbitration
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ar·bi·tra·tion

arbitration

 
 
pronunciation:
ar bih treI shn
part of speech: noun
definition 1: the consideration and decision of an issue or dispute by an arbiter.
After long arbitration, a decision was reached.
definition 2: the process of hearing an issue or dispute by an arbiter.
The dispute between the credit card company and the customer was resolved through arbitration.