noun
arbitration award; settlement by arbitration
A legal term referring to the decision or award made by an arbitrator in a dispute resolution process.
仲裁裁定に従って、両社は和解した。
Both companies settled in accordance with the arbitration award.
Compound of 仲裁 (arbitration) and 裁定 (decision, ruling). The exact historical derivation is uncertain, but the term is used in modern legal contexts.