The phrase "third arbitrator" refers to a person who is chosen to settle a disagreement or conflict between two other parties. This person acts as a neutral mediator to make a fair and unbiased decision that both sides can accept. Full definition
Todd Gates says the arbitration process continues, with each side picking a representative, and a neutral third arbitrator. (wben.com)
Reasserting the confidentiality of arbitration proceedings and the absence of any power on the part of the arbitrators or the Court to order consolidation, the Commercial Court has refused an insured's application for the appointment of a common third arbitrator across a series of arbitrations. (essexcourt.com)
A resolution still hangs on the two sides selecting a third arbitrator to help settle the dispute over whether the Seneca Nation violated its compact with New York State when it stopped sharing casino revenue 13 months ago. (buffalonews.com)