What does the word arbitration mean?

Usage examples for arbitration

  1. " Yes; I have an arbitration case at eight o'clock. – The Lesser Bourgeoisie by Honore de Balzac
  2. The existing arbitration treaty, which makes it possible in extreme cases to delay the settlement of the points of contention indefinitely, rules this out. – My Three Years in America by Johann Heinrich Andreas Hermann Albrecht Graf von Bernstorff
  3. True, arbitration was mentioned. – Boer Politics by Yves Guyot