Capable of being settled or decided by an arbiter or through arbitration rather than in a court of law.
From 'arbitrate' + '-able' suffix meaning 'capable of.' The word emerged in legal terminology as arbitration became formalized as an alternative dispute resolution method.
In modern business, whether a dispute is 'arbitrable' can be worth millions of dollars—companies literally argue about whether their arguments can be arbitrated, which is like fighting about where to fight!
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