arbitration etymology

Etymology

The term "arbitration" comes from the Latin word "arbitratio," which means "judgment" or "decision." It is derived from the verb "arbitrari," meaning "to judge" or "to decide."

Meaning

Arbitration is a form of alternative dispute resolution (ADR) in which a neutral third party, known as an arbitrator, is appointed to resolve a dispute between two or more parties. The arbitrator hears the arguments from both sides, reviews the evidence, and makes a binding decision.

Origin

Arbitration has been used as a means of resolving disputes for centuries. It is believed to have originated in ancient Greece, where it was used to settle disputes between merchants and traders. During the Roman Empire, arbitration was formalized and became a recognized legal process. In the Middle Ages, arbitration was used to resolve disputes between feudal lords and their vassals.

Over the centuries, arbitration has evolved and become a widely used method of ADR. Today, arbitration is used in a wide range of disputes, including commercial contracts, employment disputes, and personal injury cases.

arbitration relate terms

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