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:
noun. 1 [mass noun] The art of representing three-dimensional objects on a two-dimensional surface so as to give the right impression of their height, width, depth, and position in relation to each other: the theory and practice of perspective [as modifier]: a perspective drawing..3 Geometry The relation of two figures in the same plane, such that pairs of corresponding points lie on concurrent lines, and corresponding lines meet in collinear points. Example sentences. 1  He then goes on to give theorems which relate to the perspective of plane figures.