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Definitions from WordNet

Definitions from the Web

Arbitrement

Description:

Arbitrement refers to the act of making a decision or settlement through an arbitration process. It is the unbiased judgment made by an arbitrator or a panel of arbitrators to resolve a dispute outside of court. The term may also imply the process of reaching a fair resolution or settlement.

Senses:

1. Noun: The act or process of settling a dispute through arbitration.
2. Noun: An unbiased judgment or decision made by an arbitrator or arbitration panel.
3. Noun: The process of reaching a fair resolution or settlement in a dispute.

Examples:

1. Noun - Act or process of settling a dispute:

• The parties involved decided to avoid litigation and opted for arbitrement instead.
• Arbitrement is often preferred in business contracts to efficiently resolve disagreements.

2. Noun - Unbiased judgment or decision:

• The arbitrator's arbitrement favored the tenant's claims, leading to a favorable outcome for them.
• The arbitrement of the panel was binding and required both parties to adhere to the decision.

3. Noun - Process of reaching a fair resolution:

• Effective communication played a crucial role in the successful arbitrement of the dispute.
• Through a lengthy process of discussion and negotiation, the arbitrement reached a fair settlement for all parties involved.

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