Counterparty
/ˈkaʊntərˌpɑːrti/
Definitions
- (n.) A party involved in a financial transaction or legal agreement opposing another party.
Each counterparty must fulfill its obligations under the contract.
Forms
- counterparties
Related terms
See also
Commentary
In legal and financial contexts, 'counterparty' specifically denotes the opposing entity in an agreement or transaction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.