Pronunciation: (är"bi-trā'shun),[key] —n. 1. the hearing and determining of a dispute or the settling of differences between parties by a person or persons chosen or agreed to by them: Rather than risk a long strike, the union and management agreed to arbitration. 2. Internat. Law.the application of judicial methods to the settlement of international disputes.
a comedy (c300 b.c.) by Menander, extant only as a fragment.