arbitration vs law

arbitration and law both are nouns.

Word	Noun	Adjective	Verb	Adverb
arbitration	Yes	No	No	No
law	Yes	No	No	No

arbitration (noun)	law (noun)
the act of deciding as an arbiter; giving authoritative judgment	the learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system
(law) the hearing and determination of a dispute by an impartial referee agreed to by both parties (often used to settle disputes between labor and management)	a rule or body of rules of conduct inherent in human nature and essential to or binding upon human society
	a generalization that describes recurring facts or events in nature
	the branch of philosophy concerned with the law and the principles that lead courts to make the decisions they do
	legal document setting forth rules governing a particular kind of activity
	the collection of rules imposed by authority
	the force of policemen and officers