Definition
The neutral third party who decides the outcome of arbitration proceedings, essentially acting as a private judge. Unlike real judges, arbitrators are often chosen (and paid) by the parties, which raises questions about true neutrality. Their decisions are usually binding and nearly impossible to appeal, making their power both efficient and terrifying.
Example Usage
The arbitrator ruled in favor of the employee, awarding $150,000 in damages for wrongful termination.
Source: Alternative dispute resolution terminology
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