Arbiter

Arbiter, är′bit-ėr, n. one chosen by parties in controversy to decide between them: a judge having absolute power of decision: an arbitrator: umpire:—fem. Ar′bitress.—ns. Ar′bitrage, exercise of the functions of the arbiter; Arbit′rament, Arbit′rement, the decision of an arbiter: determination: choice.—v.i. Ar′bitrate, to act as an arbiter: to determine.—ns. Arbitrā′tion; Ar′bitrātor (same as Arbiter):—fem. Ar′bitrātrix.—Arbitration of exchange, the determination of the rate of exchange between two currencies when there are one or more intermediate places through which the operations must pass.—To submit to arbitration, to defer a matter of private, public, or international controversy to the judgment of certain persons selected. [L.—ar = ad, to, and bit-ĕre (cog. with Gr. bai-nein), to go or come; sig. one who comes to look on, a witness, a judge.]