arbitration
[U] Uncountable
This term carries a heavy legal and professional weight, signaling a formal alternative to litigation. It suggests a controlled environment where the goal is efficiency and finality rather than the public spectacle or unpredictable nature of a jury trial. While mediation involves a neutral party helping sides reach their own agreement, arbitration empowers the third party to act as a judge. This creates a feeling of surrender to an expert authority, shifting the power from the disputing parties to a single decision-maker.
Used as a general legal process or system, such as in the phrase "the rules of arbitration."