ARBITREMENT Meaning and
Definition
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Arbitrement is a noun that refers to the process of arbitration or the act of deciding or settling a dispute or controversy through impartial judgement. It is derived from the word "arbitrate," which means to reach a decision or settle a conflict or disagreement.
In legal terms, arbitrement refers to the resolution of a dispute by an impartial third party or an arbitrator. The arbitrator, who may be appointed by the parties involved or by a court, listens to both sides of the argument and evaluates the evidence and arguments presented. After careful consideration, the arbitrator delivers a decision that is binding on the parties involved, much like a judge's ruling in a court of law.
Arbitrement can be voluntary, as in cases where both parties agree to submit their dispute to arbitration, or it can be mandatory, such as when it is specified in a contract as the designated method for resolving conflicts. This alternative method of dispute resolution is often favored by parties seeking a more efficient and private process than litigation, which can be costly and time-consuming.
In summary, arbitrement is the act of settling a dispute through the judgement of an impartial third party. It is a formal process that provides an alternative to litigation and is often used in legal contexts to resolve conflicts in a fair and binding manner.
Common Misspellings for ARBITREMENT
- zrbitrement
- srbitrement
- wrbitrement
- qrbitrement
- aebitrement
- adbitrement
- afbitrement
- atbitrement
- a5bitrement
- a4bitrement
- arvitrement
- arnitrement
- arhitrement
- argitrement
- arbutrement
- arbjtrement
- arbktrement
- arbotrement
- arb9trement
Etymology of ARBITREMENT
The word arbitrement originates from the Middle English term arbitrement or arbitrement, which was derived from the Old French word arbitrement. The Old French word was a combination of arbitre (meaning arbiter or judge) and the suffix -ment, which was used to form nouns indicating an action or process. Ultimately, the word can be traced back to the Latin word arbitrare, meaning to judge or to assess.
Similar spelling words for ARBITREMENT
- arbitrager,
- arbitrageur,
- arbitrable,
- arbitrative,
- arbitrator,
- arbitral,
- arbitrate,
- arbitration,
- arbitrational,
- arbeiter,
- arbitrary,
- arbitrariness,
- arbitrage,
- arbitrament.
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