Arbitration
Written By Fresh Starts Registry
Pronounced: ar-bih-TRAY-shun
What it means: Arbitration is a private way to settle a dispute outside of court, where a neutral person (called an arbitrator) makes a final decision after hearing both sides.
Example: “We used arbitration to settle who would keep the house, instead of going to court.”
When it's used: Sometimes instead of going to court, if both people agree to it.
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