2. (Com)
Defn: A traffic in bills of exchange (see Arbitration of Exchange); also, a traffic in stocks which bear differing values at the same time in different markets.
ARBITRAL
Ar"bi*tral, a. Etym: [L. arbitralis.]
Defn: Of or relating to an arbiter or an arbitration. [R.]
ARBITRAMENT
Ar*bit"ra*ment, n. Etym: [LL. arbitramentum.]
1. Determination; decision; arbitration. The arbitrament of time. Everett. Gladly at this moment would MacIvor have put their quarrel to personal arbitrament. Sir W. Scott.
2. The award of arbitrators. Cowell.
ARBITRARILY
Ar"bi*tra*ri*ly, adv.
Defn: In an arbitrary manner; by will only; despotically; absolutely.
ARBITRARINESS
Ar"bi*tra*ri*ness, n.