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:
4. Mathematics A topological space in which each point has a neighborhood that is equivalent to a neighborhood in Euclidean space. The surface of a sphere is a two-dimensional manifold because the neighborhood of each point is equivalent to a part of the plane. tr.v. manÂ·iÂ·foldÂ·ed, manÂ·iÂ·foldÂ·ing, manÂ·iÂ·folds. 1.