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counterparty

[ koun-ter-pahr-tee ]

noun

, Finance.
, plural coun·ter·par·ties.
  1. the other person or institution entering into a financial contract or transaction:

    the default of a counterparty.

counterparty

/ ˈkaʊntəˌpɑːtɪ /

noun

  1. a person who is a party to a contract

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Word History and Origins

Origin of counterparty1

1980–85; counter- + party (in the legal sense “a signatory”)

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Example Sentences

So why are we surprised if Goldman gets to jump the AIG counterparty line?

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counterpartcounterparty risk

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