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 dimension is a measurable extent of some kind, such as length,  breadth, depth, or height It is best illustrated as a direction in  which one can move. In our 3-dimensiona â¦ l world, we can move up and  down (height) left and right (width) and nearer and farther  (depth).he first is length/height,  the second is width/breadth, the third is depth and the fourth is  time. Movies have three dimensions which are length, width and  time.