Definition

Arbitrator

Arbitrator refers the third party to a labor dispute who makes the final, binding decision about some disputed issue.

Webster Dictionary Meaning

1. Arbitrator
- A person, or one of two or more persons, chosen by parties who have a controversy, to determine their differences. See Arbitration.
- One who has the power of deciding or prescribing without control; a ruler; a governor.
Share it:  Cite

More from this Section

  • De minimis rule
    De minimis rule is described by IRS guidelines as any benefit, property or service provided ...
  • Law of large numbers or law of averages
    Law of large numbers or law of averages is a mathematical law stating that if a large ...
  • Contingent worker
    Contingent worker is refers to an individual employed in a job that does not have an explicit ...
  • Agency Shop
    Agency shop is a form of union security in which employees that do not belong to the union ...
  • Labor productivity
    Labor productivity is the correlation between a given output and the percentage of labor ...