different between arbitration vs subrogation

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 Late Latin subrog?ti?, from sub- + rog?ti? (“inquiry, request”); equivalent to sub- + rogation.

Noun

subrogation (countable and uncountable, plural subrogations)

1. (law) Substitution of a different person in place of a creditor or claimant with respect to certain rights and duties.

   Subrogation is a staple element of the casualty insurance business.

   He became my creditor as the result of a subrogation by a vendor.

Derived terms

• equitable subrogation

Related terms

• interrogation
• rogation
• rogatory

Translations

References

• Black's Law Dictionary 10th Edition (2014)

Further reading

• subrogation on Wikipedia.Wikipedia
• subrogation at OneLook Dictionary Search