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′bitre .— 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 pa .— 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 witne , a judge.]