- the other person or institution entering into a financial contract or transaction: the default of a counterparty.
Also con·tra·par·ty [kon-truh-pahr-tee] /ˈkɒn trəˌpɑr ti/.
Origin of counterparty
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- a person who is a party to a contract