Counterparty
[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
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