Explanation:

Arbitration is the process of bringing a business dispute before a disinterested third party for resolution. The third party, an arbitrator, hears the evidence brought by both sides and makes a decision. Sometimes that decision is binding on the parties. To arbitrate matter is to bring it before an arbitrator. Arbitration is a form of alternative dispute resolution (ADR).

an informal process of bringing in a third party is used in place of litigation in the hope of settling a dispute without the cost and time of going to court Arbitration is often confused with mediation, which is who goes between the disputing parties to help them settle a dispute. The mediation process is not binding on the parties, and the mediator does not hear evidence. At the end of the arbitration process, the arbitrator made the decision, which was binding on both parties