Arbitration, a form of alternative dispute resolution (ADR), is a way to resolve disputes outside the courts.The dispute will be decided by one or more persons (the "arbitrators", "arbiters" or "arbitrarily tribunal"), which renders the "arbitration award".An arbitration award is legally binding on both sides and enforceable in the courts.
Arbitration legal definition of arbitration - Legal Dictionary
https://legal-dictionary.thefreedictionary.com/arbitration
Arbitration. The submission of a dispute to an unbiased third person designated by the parties to the controversy, who agree in advance to comply with the award—a decision to be issued after a hearing at which both parties have an opportunity to be heard.
What is Arbitration? - FindLaw
https://adr.findlaw.com/arbitration/what-is-arbitration-.html
Arbitration is one of various methods that together are referred to as alternative dispute resolution or ADR. As suggested by the name, the idea behind methods of ADR is to provide an alternative to filing a lawsuit and going to court, which is the traditional method for resolving legal disputes.
ADR.ORG

According to a 2018 study of AAA-ICDR B2B commercial awards, arbitrators made decisions in favor of one party in over 94.5% of the cases.
Arbitration | ADR.ORG
https:///Arbitration
Arbitration—the out-of-court resolution of a dispute between parties to a contract, decided by an impartial third party (the arbitrator)—is faster and more cost effective than litigation.
Arbitration | Definition of Arbitration by Merriam-Webster

Are arbiter and arbitration arbitrary?. A large portion of the words we use today come from Latin roots. Many of these words retain a meaning that is closely related to their Latin ancestor, although sometimes they will drift a considerable distance from their roots (sinister, for instance, had the meaning of “on the left side” in Latin, but also meant “unlucky, inauspicious”).
Arbitration | Define Arbitration at Dictionary.com

Arbitration definition, the hearing and determining of a dispute or the settling of differences between parties by a person or persons chosen or agreed to by them: Rather than risk a long strike, the union and management agreed to arbitration. See more.
Arbitration Pros and Cons | Nolo
https://www.nolo.com/legal-encyclopedia/arbitration-pros-cons...
In the past few decades, arbitration has become a mainstay in resolving legal disputes. Whether you've signed a contract with mandatory arbitration language buried within or are considering arbitration as an alternative to litigation, it pays to learn the pros and cons of arbitration.
What is Arbitration? - Mediate.com
https://www.mediate.com/articles/grant.cfm
This article is courtesy of HR.com, a website committed to making the lives of HR professionals and business managers easier. At its core, arbitration is a form of dispute resolution. Arbitration is the private, judicial determination of a dispute, by an independent third party. An arbitration ...
Arbitration - definition of arbitration by The Free Dictionary
https://www.thefreedictionary.com/arbitration
ar·bi·tra·tion (är′bĭ-trā′shən) n. The process by which the parties to a dispute submit their differences to the judgment of an impartial person or group appointed by mutual consent or statutory provision. arbitration (ˌɑːbɪˈtreɪʃən) n 1. (Law) law the hearing and determination of a dispute, esp an industrial dispute, by an impartial ...