Allegation Definition and Legal Meaning

n. a private extraordinary judge chosen by the parties who have a matter in dispute, invested with power to decide the same. This power to them is given by the parties involved with mutual consent. An arbitrator is not the decision maker via a formal law procedure and is called so because he generally has an arbitrary power, there being in common no appeal from their sentences, which are called awards. For selection of arbitrators both parties are consulted and courts have lists of attorneys who serve as arbitrators, in case both parties want to decide on someone or they cannot come up with some arbitrator of their mutual choice.