1.) an ultimate decision for a scheduled social gathering planned and agreed upon in advance by a vast majority of the attendees
2.) a verdict reached amongst close friends or family
Broracio - "Brochacho, whats the wordict (actually a typo but Im going with it...word and verdict) on the 25th? Are we gonna see you at Las Viboras?"
Brochacho - "Broracio! It's comfirmed. I think our jefes were on the phone this past friday making plans on who is taking the beer, and who is taking the tequila. PS i'm stealing your new word."