What is 'Counterparty Risk'. Counterparty risk is the risk to each party of a contract that the counterparty will not live up to its contractual obligations. Counterparty risk is a risk to both parties and should be considered when evaluating a contract. In most financial contracts, counterparty risk is also known as default risk. Next Up.
dimension noun [ C ] (MEASUREMENT) âº a measurement of something in a particular direction, esp. its height, length, or width: The dimensions of the room are 26 feet by 15 feet. dimension noun [ C ] (QUALITY) âº a part or quality of a thing or situation that has an effect on the way you think about it:
twoâ²-dimenâ²sional. 1. having the dimensions of height and width only: a two-dimensional surface. 2. (of a work of art) having its elements organized in terms of a flat surface, esp. emphasizing the vertical and horizontal character of the picture plane. 3. (of a literary work) superficial, as in character development. [1895â1900].