counterparty

Definitions

Accounting

  • noun each of the other parties to a contract, considered from the viewpoint of a particular party

Economics

  • noun the other party in a deal

Forex

  • A party participating in a financial transaction. For a financial transaction to be consummated, it is essential to have a counterparty, generally, a buyer and a seller. For example, if X sells to Y, then Y is the counterparty from X's point of view and vice versa.
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