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TOEFL BNC: 7414 COCA: 8897

arbitration

Word family
ar·bi·tra·tion /ˌɑːbəˈtreɪʃən $ ˌɑːr-/ noun [uncountableU]  
JUDGEthe process of judging officially how an argument should be settled 仲裁;公断
 The dispute is going to arbitration (=someone is being asked to arbitrate).
这场争议将提请仲裁。
 Both sides in the dispute have agreed to binding arbitration.
纠纷双方都接受了约束性仲裁。
Examples from the Corpus
From Longman Business Dictionary
arbitrationar·bi·tra·tion /ˌɑːbəˈtreɪʃənˌɑːr-/ noun [uncountableU]
1LAW when a legal disagreement is dealt with by independent officials who have the authority to make a legal decision about it, rather than the case being dealt with in a court of law
Disputes within the partnership can be referred to arbitration, avoiding the risks and costs of litigation.
2HUMAN RESOURCES when a disagreement between an employer and employees is dealt with by independent officials who try to reach an agreement between both sides in order to prevent a STRIKE or a legal battle
Contract negotiations between them have reached deadlock and are likely to go to arbitration.
The arbitration agreement only applied to the missing oil, not to the other allegations of wrongdoing.
ar·bi·tra·tion noun
Chinese
Syllable
Corpus

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