1. The other party or parties in a contract, agreement, or transaction; those with whom one enters into a legal or business arrangement.
Usage: Plural form of counterparty; Commonly used in finance, law, and business contexts

Examples

• The bank must assess the creditworthiness of all counterparties before entering into derivative contracts.
• In the merger agreement, both counterparties agreed to specific terms and conditions.
• The company maintains a list of approved counterparties for international transactions.
• Counterparties in the swap agreement are responsible for exchanging cash flows on the specified dates.
• The financial institution reduced its exposure to risky counterparties during the economic downturn.
• Legal teams reviewed the counterparties' compliance records before finalizing the deal.