arbitration vs excerption

arbitration

noun
  • 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. 

excerption

noun
  • The act of excerpting or selecting. 

  • That which is selected or gleaned; an extract. 

How often have the words arbitration and excerption occurred in a corpus of books? (source: Google Ngram Viewer )