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.
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Related Terms
arbitration
'arbitrator
' appears in the definitions of these terms on BusinessDictionary.com arbitration, final offer interest arbitration, arbiter, mediation, officious bystander test, and 
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