Exam: GRE (Verbal)

Definition: A person who is chosen to make a decision or judgment in a disagreement or dispute.

Example: The arbiter settled the argument between the two parties fairly.

Definition: Suitable for being decided by an arbitrator, often in legal or dispute resolution contexts.

Example: The contract included an arbitrable clause that allowed disputes to be settled outside of court.

Definition: To take advantage of price differences in different markets to make a profit.

Example: Investors often engage in arbitrage to maximize their returns.

Definition: The act of buying and selling assets in different markets to take advantage of price differences and make a profit.

Example: Investors often use arbitrage to capitalize on price discrepancies between markets.

Definition: A person who buys and sells assets in different markets to take advantage of price differences.

Example: The arbitrager made a profit by buying stocks at a lower price in one market and selling them at a higher price in another.

Definition: A person who buys and sells assets in different markets to take advantage of price differences.

Example: The arbitrageur made a profit by buying stocks in one market and selling them in another at a higher price.

Definition: Connected to the process of resolving disputes through an arbitrator, who makes decisions outside of the court system.

Example: The arbitral decision was final and binding for both parties involved in the dispute.

Definition: The process of resolving a disagreement or dispute by a neutral third party who makes a decision.

Example: The arbitrament of the case was fair and unbiased, leading to a satisfactory resolution for both parties.

Definition: In a way that is based on random choice or personal whim, rather than any reason or system.

Example: The rules were applied arbitrarily, leading to confusion among the players.

Definition: The quality of being based on random choice or personal whim rather than any reason or system.

Example: The arbitrariness of the rules made it difficult for players to understand how to win the game.

Definition: Based on personal choice or random decision rather than a specific reason or rule.

Example: The selection of the winner seemed arbitrary, as it was based on personal preference rather than clear criteria.