ARBITRATOR Meaning and
Definition
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An arbitrator is an impartial individual or party chosen to settle disputes or conflicts between two or more parties that are unable to reach an agreement on their own. They serve as a neutral third party and have the authority to make binding decisions or rulings based on the evidence and arguments presented by both sides.
The role of an arbitrator is to facilitate fair and efficient resolution of disputes outside of the judicial system. They are typically selected based on their expertise and knowledge in a particular field related to the issue being disputed, such as law, finance, or industry-specific matters.
During the arbitration process, the arbitrator reviews the evidence, listens to arguments from all involved parties, and may conduct hearings or meetings to clarify any points of contention. They analyze and interpret relevant laws, regulations, contracts, or agreements to render a decision that is fair and just. This decision is called an arbitral award, which is legally binding on all parties involved.
Arbitrators must possess excellent communication and negotiation skills to encourage respectful dialogue and collaboration between disputing parties. They must also maintain neutrality and independence throughout the arbitration process to ensure a fair outcome. Arbitrators may be appointed by mutual agreement between the parties, or they may be selected from a panel or a recognized arbitration institution.
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A person chosen to decide a dispute.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for ARBITRATOR *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for ARBITRATOR
Etymology of ARBITRATOR
The word "arbitrator" originates from the Latin term "arbitrator", which is derived from the verb "arbitrari". This verb means "to be a witness", "to give a legally binding decision", or "to judge". It is related to the Latin noun "arbiter", meaning "judge" or "witness". Over time, the term evolved in both meaning and pronunciation, eventually becoming "arbitrator" in English.
Similar spelling words for ARBITRATOR
- arbitrarily,
- arbiter,
- arbitral,
- arbitrate,
- arbitrary,
- arbitrariness,
- arbitrament,
- arbitration,
- arbitrager,
- arbitrative,
- arbeiter,
- arbitrement,
- arbitrational,
- arbitrable,
- arbitrageur,
- arbitrage,
- arrive at.
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