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

Word History and Origins

Origin of counterparty¹

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

Example Sentences

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

From The Daily Beast