counterparty
B2CEFR level
65/100Rarity: rare
TechnicalRegister
Law noun
The other party to a contract or financial transaction.
The bank assessed the creditworthiness of each counterparty before entering the swap.
Business noun
The other party to a financial transaction or contract.
The bank limited its exposure to any single counterparty to contain default risk.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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