Source : Webster's Revised Unabridged Dictionary (1913)

Arbitrament \Ar*bit"ra*ment\, n. [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.

Source : WordNet®

arbitrament
     n : the act of deciding as an arbiter; giving authoritative
         judgment; "they submitted their disagreement to
         arbitration" [syn: {arbitration}, {arbitrement}]