arbitration
noun | \ ˌär-bə-ˈtrā-shən \ | ar·bi·tra·tion
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: the process of resolving a dispute (as between labor and management) or a grievance outside of the court system by presenting it to an impartial third party or panel for a decision that may or may not be binding — compare mediation
— final offer arbitration
: interest arbitration in which the arbitrator must accept or reject the final offer of any party and may not decide to compromise— grievance arbitration
: arbitration of a dispute over something in an existing collective bargaining agreement — called also rights arbitration; compare interest arbitration in this entry— interest arbitration
: arbitration of a dispute over the provisions to be entered in a new contract — compare grievance arbitration in this entry— rights arbitration
: grievance arbitration in this entry