BusinessAugust 17, 2026

counterparty

KOUN-ter-par-tee

Definition

A party with whom one is in a business or legal agreement; specifically, the entity on the other side of a contract or transaction.

Etymology

Derived from the Middle English 'counter-' (against) and 'party' (a person or side in a legal action), ultimately stemming from Latin 'contra' and 'partire' meaning to divide or split.

In the news

In the risk disclosure, the company identifies counterparty credit risk as a factor that could cause actual financial results to differ from their projections if the customer fails to meet their obligations.

A 2,016-GPU AI Cluster Is Expected to Operate in B.C.—Who Is It For?

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