What's the difference between
and
Enter two words to compare and contrast their definitions, origins, and synonyms to better understand how those words are related.

Arbitration vs Reconcile - What's the difference?

arbitration | reconcile |

As a noun arbitration

is the act or process of arbitrating.

As a verb reconcile is

to restore a friendly relationship; to bring back to harmony.

arbitration

English

Noun

  • The act or process of arbitrating.
  • A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.
  • 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.

    • Related terms

    () * arbiter * arbitrable * arbitrage * arbitrary * arbitrate * arbitrator

    External links

    * *

    reconcile

    English

    (reconciliation)

    Verb

    (reconcil)
  • To restore a friendly relationship; to bring back to harmony.
    • to reconcile people who have quarrelled
  • To make things compatible or consistent.
    • to reconcile differences
  • * Alexander Pope
    • Some figures monstrous and misshaped appear, / Considered singly, or beheld too near; / Which, but proportioned to their light or place, / Due distance reconciles to form and grace.
  • * John Locke
    • The great men among the ancients understood how to reconcile manual labour with affairs of state.
  • To make the net difference in credits and debits of a financial account agree with the balance.

    • Derived terms

    * reconciliation