*arbitrat*

v. i. 1. To decide; to determine. Shak. [ 1913 Webster ]

2. To act as arbitrator or judge; as, to arbitrate upon several reports; to arbitrate in disputes among neighbors; to arbitrate between parties to a suit. [ 1913 Webster ]

n. [ F. arbitration, L. arbitratio, fr. arbitrari. ] The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties. [ 1913 Webster ]

☞ This may be done by one person; but it is usual to choose two or three called arbitrators; or for each party to choose one, and these to name a third, who is called the umpire. Their determination is called the award. Bouvier [ 1913 Webster ]

Arbitration bond, a bond which obliges one to abide by the award of an arbitration. --
Arbitration of Exchange, the operation of converting the currency of one country into that of another, or determining the rate of exchange between such countries or currencies. An arbitrated rate is one determined by such arbitration through the medium of one or more intervening currencies. [ 1913 Webster ]

adj. 1. relating to or resulting from arbitration. an arbitrational settlement
Syn. -- arbitral [ WordNet 1.5 ]

adj. 1. of or pertaining to arbitration; relating to or having the authority to arbitrate. an arbitrative board [ WordNet 1.5 ]

n. [ L., fr. arbitrari: cf. F. arbitrateur. ] 1. A person, or one of two or more persons, chosen by parties who have a controversy, to determine their differences. See Arbitration. [ 1913 Webster ]

2. One who has the power of deciding or prescribing without control; a ruler; a governor. [ 1913 Webster ]

Though Heaven be shut,
And Heaven's high Arbitrators sit secure. Milton. [ 1913 Webster ]

Masters of their own terms and arbitrators of a peace. Addison. [ 1913 Webster ]

Syn. -- Judge; umpire; referee; arbiter. See Judge. [ 1913 Webster ]