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counterparty

[ koun-ter-pahr-tee ]
/ ˈkaʊn tərˌpɑr ti /
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noun, plural coun·ter·par·ties.Finance.
the other person or institution entering into a financial contract or transaction: the default of a counterparty.
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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. 2022

How to use counterparty in a sentence

British Dictionary definitions for counterparty

counterparty
/ (ˈkaʊntəˌpɑːtɪ) /

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
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