different between arbitration vs reconcilement

English

Etymology

From Middle English arbitracion, borrowed from Old French arbitration, from Latin arbitratio, from arbitrari (“to arbitrate, judge”); see arbitrate.

Pronunciation

• (Received Pronunciation) IPA^(key): /???.b??t?e?.??n/, [???.b??t????e?.?n?]
• (General American) IPA^(key): /???.b??t?e?.??n/, [???.b??t????e?.?n?]
• Rhymes: -e???n

Noun

arbitration (countable and uncountable, plural arbitrations)

1. The act or process of arbitrating.
2. A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
3. In general, a form of justice where both parties designate a person whose ruling they will accept formally. More specifically in Market Anarchist (market anarchy) theory, arbitration designates the process by which two agencies pre-negotiate a set of common rules in anticipation of cases where a customer from each agency is involved in a dispute.

Related terms

Translations

Further reading

• arbitration in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.
• arbitration in The Century Dictionary, New York, N.Y.: The Century Co., 1911.

French

Pronunciation

Noun

arbitration f (plural arbitrations)

1. arbitration

Related terms

• arbitratif

English

Etymology

From reconcile +? -ment.

Pronunciation

• (UK) IPA^(key): /???k?ns??lm?nt/

Noun

reconcilement (countable and uncountable, plural reconcilements)

1. The fact of being restored to cordial relations with each other; settling differences, making peace; reconciliation.
   • 1590, Edmund Spenser, The Faerie Queene, III.1:

     Thus reconcilement was betweene them knitt, Through goodly temperaunce and affection chaste [...].

Translations