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Arbitrate

/ˈɑː.bɪ.treɪt/verb
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To arbitrate means to act as an impartial judge in a dispute, helping the parties reach a binding decision without going to court. In today's fast-paced world, it's often chosen for its efficiency in resolving conflicts in business, international relations, or personal matters, offering a more private and customizable alternative to formal litigation.

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Arbitration has been a cornerstone of international peace, with the Hague Convention of 1899 establishing the Permanent Court of Arbitration, which has resolved over 200 interstate disputes and helped avert conflicts, including the famous Alabama Claims settlement between the US and Britain in 1872.

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