Arbitration
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
In practice
The investigation and determination of a matter or mutters of difference between contending parties, by one or more unofficial persons, chosen by the parties, and called “arbitrators,” or “referees.”
Worcester; 3 Bil. Comm. 16.
Compulsory arbitration is that which takes place when the consent of one of the parties igs enforced by statutory provisions. Voluntary arbitration is that which takes place by mutual and free consent of the parties. In a wide sense, Lhis term may embrace the whole method of thus settling controversies, and thus include all the various steps. But in more strict use, the decision is separately spoken of, and called an “award,” and the “arbitration” denotes only the submissiun and hearing.