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:
1. Measurable extent or quantity (such as amplitude, brightness, hue, frequency, length, width, height, time, mass, volume, weight) that denotes the degree to, or range over, which something extends. In scientific terms, a space has as many dimensions as there are mutually perpendicular axes at each point within it.