Arbitration vs. Conciliation
Arbitrationnoun
The act or process of arbitrating.
Arbitrationnoun
A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
Arbitrationnoun
In general, a form of justice where both parties designate a person whose ruling they will accept formally. More specifically in Market Anarchist (market anarchy) theory, arbitration designates the process by which two agencies pre-negotiate a set of common rules in anticipation of cases where a customer from each agency is involved in a dispute.
Arbitrationnoun
The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties.
Arbitrationnoun
(law) the hearing and determination of a dispute by an impartial referee agreed to by both parties (often used to settle disputes between labor and management)
Arbitrationnoun
the act of deciding as an arbiter; giving authoritative judgment;
Arbitrationnoun
the use of an arbitrator to settle a dispute
Arbitration
Arbitration, a form of alternative dispute resolution (ADR), is a way to resolve disputes outside the judiciary courts. The dispute will be decided by one or more persons (the 'arbitrators', 'arbiters' or 'arbitral tribunal'), which renders the 'arbitration award'.
Conciliationnoun
The process of bringing peace and harmony; the ending of strife.
Conciliationnoun
(legal) A form of alternative dispute resolution, similar to but less formal than mediation, in which the parties bring their dispute to a neutral third party, who helps lower tensions, improve communications and explore possible solutions.
Conciliationnoun
The act or process of conciliating; the state of being conciliated.
Conciliationnoun
the state of manifesting goodwill and cooperation after being reconciled;
Conciliationnoun
any of various forms of mediation whereby disputes may be settled short of arbitration
Conciliationnoun
the act of placating and overcoming distrust and animosity
Conciliationnoun
the action of stopping someone being angry; placation
Conciliationnoun
the action of mediating between two disputing people or groups
Conciliation
Conciliation is an alternative dispute resolution (ADR) process whereby the parties to a dispute use a conciliator, who meets with the parties both separately and together in an attempt to resolve their differences. They do this by lowering tensions, improving communications, interpreting issues, encouraging parties to explore potential solutions and assisting parties in finding a mutually acceptable outcome.
