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:
an element or figure contained within a Euclidean space of a specified number of dimensions and having one more boundary point than the number of dimensions (Ex.: a simplex of zero dimensions is a point, of one dimension is a line segment, of two dimensions is a triangle and its interior, of three dimensions is a tetrahedron and its interior)