Past tense: settled or resolved a dispute through arbitration, where a neutral third party (arbiter) hears evidence and makes a binding decision.
From Latin 'arbitrari' (to judge/decide) + past tense '-ed.' The term became standard in legal English as arbitration developed as a formal dispute resolution alternative.
When a major sports contract gets 'arbitrated,' fans often feel cheated because the decision is private and final—you never find out the reasoning, which is why LeBron's salary disputes were so controversial when arbitrated!
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