Law Dictionary Definitions

arbitrary trademark.See TRADEMARK. [Blacks Law 8th]

arbitrary name.See arbitrary trademark under TRADEMARK. [Blacks Law 8th]

arbitrary mark.See arbitrary trademark under TRADEMARK. [Blacks Law 8th]

arbitrary,adj.1. Depending on individual discretion; specif., determined by a judge rather than by fixed rules, procedures, or law. 2. (Of a judicial decision) founded on prejudice or preference rather than on reason or fact. • This type of decision is often termed arbitrary and capricious. Cf. CAPRICIOUS. [Blacks Law 8th]

arbitrament and  award.A  plea  that  the  same  matter  has  already  been  decided  in  arbitration. [Cases: Arbitration    81–82. C.J.S. Arbitration §§ 124–129, 148, 150–155.] [Blacks Law 8th]

arbitrament  (ahr-bi-tr<<schwa>>-m<<schwa>>nt).1.  The  power  to  decide  for  oneself  or others; the power to decide finally and absolutely. 2. The act of deciding or settling a dispute that has  been  referred  to  arbitration.  [Cases:  Arbitration    48.  C.J.S.  Arbitration  §§  91,  95,  107.] 3.AWARD. — Also spelled (archaically) ar-bitrement. [Blacks Law 8th]

arbitrage bond.See BOND(3). [Blacks Law 8th]

arbitrage  (ahr-b<<schwa>>-trahzh),  n.  The  simultaneous  buying  and  selling  of  identical securities  in  different  markets,  with  the  hope  of  profiting  from  the  price  difference  in  those markets.  —  Also  termed  space  arbitrage.  [Cases:  Securities  Regulation    53.17(4).  C.J.S. Securities  Regulation  §  153.]  —  arbitrager  (ahr-b<<schwa>>-trazh-<<schwa>>r),  arbitrageur (ahr-b<<schwa>>-trah-zh<<schwa>>r), n. covered-interest arbitrage.The simultaneous investment in a currency and execution…

arbiter  (ahr-b<<schwa>>-t<<schwa>>r).  One  with  the  power  to  decide  disputes,  such  as  a judge  <the  Supreme  Court  is  the  final  arbiter  of  legal  disputes  in  the  United  States>.  Cf. ARBITRATOR. [Blacks Law 8th]

ARB.abbr.ACCOUNTING RESEARCH BULLETIN. [Blacks Law 8th]