In contracts. An agreement to submit to arbitration ; the act of parties in submitting their controversy to chosen referees or arbitrators. In practice . The act of sending a cause pending in court to a referee for his exami- nation and decision. See REFER. In commercial law . The act of sending or directing one person to another, for in formation or advice as to the character, solvency. standing, etc., of a third person , who desires to open business relations with the first, or to obtain credit with him.
Black’s Law Online Dictionary
