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Definitions from the Web

Counterparties

Description:

Counterparties refer to the entities or individuals involved in a financial contract, agreement, or transaction, acting as the opposite party to one another. They primarily occur in areas such as banking, investment, and business where agreements and obligations need to be established between two or more parties.

Sample Sentences:

1. The bank requested detailed information about their counterparties before approving the loan.
2. Both parties must disclose their counterparties in the agreement to maintain transparency.
3. As counterparties, they negotiated the terms of the contract to ensure both sides were satisfied.
4. The company's success relies on establishing strong relationships with reliable counterparties.
5. Investors should conduct thorough research on potential counterparties before entering into any financial commitment.

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