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A counterparty (sometimes contraparty) is a legal entity, unincorporated entity, or collection of entities to which an exposure of financial risk may exist. The word became widely used in the 1980s, particularly at the time of the Basel I deliberations in 1988.
A debtor or debitor is a legal entity (legal person) that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower.
A 'Counterpart' is a person or thing that has the same purpose as another one in a different place or organization [1] In paleontology, one half of a split compression fossil Counterpart International , a U.S.-based development charity
A Law Reference Collection, 2011, ISBN 1624680003 and ISBN 978-1-62468-000-7; Trinxet, Salvador. Trinxet Reverse Dictionary of Legal Abbreviations and Acronyms, 2011, ISBN 1624680011 and ISBN 978-1-62468-001-4. Raistrick, Donald. Index to Legal Citations and Abbreviations. 3rd ed. London: Sweet & Maxwell, 2008. This book focuses more on British ...
The term "mistress" was originally used as the neutral feminine counterpart to "mister" or "master". In referring to those of higher social status, it meant the woman married to the owner, or renter, of the house, and was a term of deferential respect.
In English law, the concept of legitimate expectation in the realm of administrative law and judicial review is estoppel's counterpart in public law. Promissory estoppel is often applied where there is a promise or an agreement made without consideration.
A number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the ...
The law of contract in ... An important equitable remedy is the order of equitable rescission where the advantage over its common law counterpart is that the parties ...