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Arbitrator.

Ritesh Indian Son[CMA*CS*CA] (" Simple Living High Thinking ") (4117 Points)

27 March 2011

What is mean by an 'arbitrator' ? ( for 5 marks.)

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Lalit Kumar (Vice President ) (2213 Points)
Replied 27 March 2011

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.

Sumit Bhargava (CA Student) (326 Points)
Replied 08 April 2011

Originally posted by : Ritesh Khemka
	What is mean by an 'arbitrator' ? ( for 5 marks.)

Arbitrator - Someone chosen to judge and decide a disputed issue; "the critic was considered to be an arbiter of modern literature"; "the arbitrator's authority derived from the consent of the disputants"; "an umpire was appointed to settle the tax case"...