Designates the opposite party in a trade or transaction; one party to a trade legally bound to make a good delivery or a good payment
The opposite party to a double transaction; that is, to a transaction involving an exchange of financial instruments or obligations now and a reversal of that same transaction at some agreed-upon later date
{i} party to a financial contract; other party in business transaction or to a financial transaction
A principal party to a transaction, other than an intermediary When looked at from the buyer's viewpoint, the seller is the counterparty and vice versa
The opposite party in a financial transaction (e g in a transaction with an NCB)