Reconciliation vs Arbitration - What's the difference?
reconciliation | arbitration |
The reestablishment of friendly relations; conciliation or rapprochement.
(theology) The end of estrangement between a human and God as a result of the process of atonement; more specifically,
:* A Roman Catholic sacrament involving contrition, confession, punishment and absolution; penance.
(accounting) Process of matching and comparing figures from accounting records against those presented on a bank statement.
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 reconciliation and arbitration
is that reconciliation is the reestablishment of friendly relations; conciliation or rapprochement while arbitration is the act or process of arbitrating.reconciliation
English
(wikipedia reconciliation)Noun
(en noun)- He longed for reconciliation with his estranged father, but too many painful memories kept him from making contact again.