Arbitrate GRE Vocabulary Flashcard

Arbitrate GRE Vocabulary Flashcard

/ˈɑː.bɪ.treɪt/ (verb)

Definition

to judge and settle dispute between opposing people or groups, intervene, pass judgement, adjudge, adjudicate, moderate, rule, determine, sort out, intercede, intermediate, decide, referee

Example

Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.

Arbitration can only take place if both parties have agreed to it. In the case of future disputes arising under a contract, the parties insert an arbitration clause in the relevant contract. An existing dispute can be referred to arbitration by means of a submission agreement between the parties. In contrast to mediation, a party cannot unilaterally withdraw from arbitration.

Source: https://www.wipo.int/

Parts of speech

Adjective: arbitrable

Noun: arbiter

Noun: arbitration

Noun: arbitrator