arbitration
US /ˌɑːr.bəˈtreɪ.ʃən/
UK /ˌɑːr.bəˈtreɪ.ʃən/

1.
arbitrage, bemiddeling
the use of an arbitrator to settle a dispute
:
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The union and management agreed to resolve their differences through arbitration.
De vakbond en het management kwamen overeen hun geschillen via arbitrage op te lossen.
•
International disputes are often settled by arbitration.
Internationale geschillen worden vaak beslecht door arbitrage.