counterparty

counterparty

[koun-ter-pahr-tee]
noun, plural counterparties. Finance.
the other person or institution entering into a financial contract or transaction: the default of a counterparty.
Also, contraparty [kon-truh-pahr-tee] .


Origin:
1980–85; counter- + party (def 8)

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World English Dictionary
counterparty (ˈkaʊntəˌpɑːtɪ)
 
n , pl -parties
a person who is a party to a contract

Collins English Dictionary - Complete & Unabridged 10th Edition
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