law vs arbitration

law and arbitration both are nouns.

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

law (noun)	arbitration (noun)
the learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system	the act of deciding as an arbiter; giving authoritative judgment
a rule or body of rules of conduct inherent in human nature and essential to or binding upon human society	(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 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