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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

arbitrator  

Definition 1.

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.
 

Definition 2.

A private, disinterested person chosen to decide disputes between parties. (See arbitration)
 
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