Litigant vs Arbitration - What's the difference?
litigant | arbitration |
(legal) A party suing or being sued in a lawsuit, or otherwise calling upon the judicial process to determine the outcome of a suit.
Disposed to litigate; contending in law; engaged in a lawsuit.
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.
As nouns the difference between litigant and arbitration
is that litigant is a party suing or being sued in a lawsuit, or otherwise calling upon the judicial process to determine the outcome of a suit while arbitration is the act or process of arbitrating.As an adjective litigant
is disposed to litigate; contending in law; engaged in a lawsuit.litigant
English
Noun
(en noun)Adjective
(en adjective)- the parties litigant
- (Ayliffe)