arbitrator

Definition
A private, neutral person chosen to arbitrate a disagreement, as opposed to a court of law. An arbitrator could be used to settle any non-criminal dispute, and many business contracts make provisions for an arbitrator in the event of a disagreement. Generally, resolving a disagreement through an arbitrator is substantially less expensive than resolving it through a court of law.




arbitrator is ...
... part of the
Law & Estate Planning subject.


Related Terms

arbitration -  More
arbitration panel -  More


arbitrator appears in the definitions of these other terms on BusinessDictionary.com

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