Definition of "counterparty" [counterparty]

• The other party to a financial transaction (noun)

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• "Oh, I think they do, because you still have not solved the problem, which is if you have a crisis, and all of a sudden you have what they call counterparty risk, which is that if you --"
• "So here I will only explain the connection between the code word counterparty and the true “elephant in the room.”"
• "• We are therefore lowering our long- and short-term sovereign credit ratings on Hungary to 'BB+/B' from 'BBB-/A-3' and our long-term counterparty credit rating on the National Bank of Hungary the central bank to 'BB+' from 'BBB-'."