arbiter

arbiter definition - business

arbiter

A person who has been chosen to settle a disputed issue. For example, the U.S. Tax Court is the arbiter of tax deficiencies determined by the Internal Revenue Service but disputed by the taxpayer.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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