Unbiased estimator
An unbiased estimator is a statistic whose average value across all samples equals the true parameter, so it has no systematic tendency to be too high or low.
An estimator is unbiased when its sampling distribution is centered on the parameter it estimates, though any single estimate still varies around that center. For example, the sample mean is unbiased for the population mean because (the expected value of x-bar equals mu). Likewise the sample proportion is unbiased for the population proportion, since (the expected value of p-hat equals p). Bias concerns where the sampling distribution is centered, not how spread out it is.
More sampling distributions terms, or browse the full statistics glossary.