An impartial person chosen by the parties to solve a dispute between them. An arbitrator is empowered to make a final determination concerning the issue(s) in controversy and is bound only by his own discretion.
Binding arbitration is a method of dispute resolution in which an impartial third party, known as an arbitrator, makes a decision to resolve a conflict after reviewing the evidence and arguments presented by the involved parties. The decision is legally binding and enforceable in courts.
