counterparty

[koun-ter-pahr-tee]
noun, plural coun·ter·par·ties. Finance.
  1. 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

1980–85; counter- + party (in the legal sense “a signatory”)
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for counterparty

Contemporary Examples of counterparty

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

    The Daily Beast logo
    Goldman's Crisis Control

    Michael Thomas

    July 21, 2009


British Dictionary definitions for counterparty

counterparty

noun plural -parties
  1. 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