Compromise

An arrangement arrived at, either in court or out of court, for settling a dispute upon what appears to the parties to be equitable terms, haying regard to the uncertainty they are in regarding the facts, or the law and the facts together. Brown. An agreement between two or more persons, who, for preventing or putting an end toa lawsuit, adjust their diflculties by mutual consent in the manner which they agree on, and which every one of them prefers to the hope of gaining, balanced by the danger of losing. 4 La. 456, In the civil law. An agreement whereoy two or more persons mutually bind themselves to refer their legal dispute to the decision of a designated third person, whu is Compromissarii sunt judicea.

Jenk. Cent. 128.

Arbitrators are judges.