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arbitration
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The Salt of the World?
- Arbitration - n. - The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties.
- Compromise - n. - A settlement by arbitration or by mutual consent reached by concession on both sides; a reciprocal abatement of extreme demands or rights, resulting in an agreement.
- Arbitrage - n. - A traffic in bills of exchange (see Arbitration of Exchange); also, a traffic in stocks which bear differing values at the same time in different markets.
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