the risk that a person who is a party to a contract will default on their obligations under that contract
[koun-ter-pahr-tee] /ˈkaʊn tərˌpɑr ti/ noun, plural counterparties. Finance. 1. the other person or institution entering into a financial contract or transaction: the default of a counterparty. /ˈkaʊntəˌpɑːtɪ/ noun (pl) -parties 1. a person who is a party to a contract
[koun-ter-pur-suh n] /ˈkaʊn tərˌpɜr sən/ noun 1. a person who waits on customers from behind a counter, as in a cafeteria.
[puh-tish-uh n] /pəˈtɪʃ ən/ noun 1. a formally drawn request, often bearing the names of a number of those making the request, that is addressed to a person or group of persons in authority or power, soliciting some favor, right, mercy, or other benefit: a petition for clemency; a petition for the repeal of an […]
[koun-ter-foh-bik] /ˌkaʊn tərˈfoʊ bɪk/ adjective, Psychiatry. 1. seeking out a situation that one fears in an attempt to overcome the fear.