counterparty

[koun-ter-pahr-tee]

noun, plural coun·ter·par·ties. Finance.

the other person or institution entering into a financial contract or transaction: the default of a counterparty.

Nearby words

  1. counteroffensive,
  2. counteroffer,
  3. counteropening,
  4. counterpane,
  5. counterpart,
  6. counterparty risk,
  7. counterperson,
  8. counterphobic,
  9. counterpin,
  10. counterplan

Also con·tra·par·ty [kon-truh-pahr-tee] /ˈkɒn trəˌpɑr ti/.

Origin of counterparty

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

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


British Dictionary definitions for contraparty

counterparty

noun plural -parties

a person who is a party to a contract
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012