WORD OF THE DAY: PIVOT - term used to describe the price level determined as being significant by market's failure to penetrate or as being significant when a sudden increase in volume accompanies the move through the price l ... 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.