A more thorough explanation:

Definition: Arbitrament refers to the power to decide for oneself or others, and to decide finally and absolutely. It also refers to the act of deciding or settling a dispute that has been referred to arbitration.

Examples:

• After hearing both sides of the argument, the judge made an arbitrament and declared the defendant guilty.
• The company's policy gave the manager the arbitrament to make decisions regarding employee promotions.
• When the two parties could not come to an agreement, they decided to submit their dispute to arbitrament.

The first example illustrates how a judge has the power to make a final and absolute decision in a legal case. The second example shows how a manager has the power to make decisions on behalf of the company. The third example demonstrates how two parties can agree to submit their dispute to an arbitrator to make a final decision.