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:
A five-dimensional space is a space with five dimensions. If interpreted physically, that is one more than the usual three spatial dimensions and the fourth dimension of time used in relativitistic physics.It is an abstraction which occurs frequently in mathematics, where it is a legitimate construct.or example, holograms are three-dimensional pictures placed on a two-dimensional surface, which gives the image a curvature when the observer moves. Similarly, in general relativity, the fourth dimension is manifested in observable three dimensions as the curvature path of a moving infinitesimal (test) particle.