arbitration
/ˌɑː.bɪˈtɹeɪ.ʃən/ /ˌɑɹ.bɪˈtɹeɪ.ʃən/
noun
मध्यस्थता
noun
मध्यस्थता
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.