ARBITRATION

ARBITRATION, or Arbitrament, the referring of a cause or quarrel to the decision of one or more indifferent persons under the quality and denomination of arbiters, or arbitrators. See ARBITER and ARBITRATION. Among us, two arbitrators are usually chosen by the contending parties; and in case these cannot agree, a third is added, called an umpire, in whose decision both sides bind themselves to acquiesce.

ARBITRATION