WORD OF THE DAY: REORGANIZATION - refers to the resolution of a Chapter 11 bankruptcy by the emergence of the debtor as a viable business. Generally, the company agrees with creditors on a plan for payment of their claims (plan of re ... More
1. ) A terminology used to identify the 'other' party in a two-partytransaction. For example, the counterparty of a buyer is the seller to that buyer. The term counterparty is usually used to identify the other party in repurchase agreement transactions and in interestrateswap transactions.