counterdare 

the response to completing a dare

Guy: i dare you to drink a cup full of ketchup
Girl: Why?
Guy: IDK
Girl: Okay
Guy: that was pretty gross
Girl: My turn, I counterdare you to pour ketchup all over your chest

counterdare by GBONE93 June 9, 2011

counterparty 

(FINANCE) for a financial instrument, the person/institution who takes the opposite position. For example, in a credit default swap (CDS), the buyer is someone who needs insurance against the possibility that a borrower will default on a loan. In that case, the counterparty is whoever receives the CDS premiums, and pays out in the event of default.

The purpose of financial options is to minimize risk to the buyer; therefore, it creates potentially lucrative opportunities for the counterparty, because the counterparty takes on so much risk.

counterparty by Abu Yahya April 5, 2010

counterparty 

n. a party thrown in response to another party in which the thrower of sed counterparty was not invited to the original party to diminish the total number of people that show up to the original party and make sed original party look lame

DUDE, let's throw a counterparty to make Davis's party look lame, by inviting everyone invited to his party and others so our party is bigger and better than his.

counterparty by Alex Alfonso December 21, 2008

counterfart 

When you hear someone near you fart and you blast out a much louder and more powerful fart in retaliation.

You walk in to wake your son up in the morning and hear him fart....you blast out the counterfart in return....son laughs "Ah Dad you won with that counterfart!"

counterfart by Vinny Liggio February 8, 2009

counterretract 

to shit, for the intelligentia

my dear friends, you must excuse me, i am overtaken by a sudden urge to counterretract

counterretract by eviski February 15, 2009

counterpart 

1. one of two corresponding copies of a legal instrument
2. duplicate
3. a thing that fits another perfectly

The blond daughter was as beautiful as her motherly counterpart (indicating the strong resemblance between a mother and daughter).

counterpart by gensoukai November 6, 2009

counterparts 

1. An awesome Rush album released in 1993 that marked their return to guitar-based rock
2. Two things that go together

1. I was listening to Counterparts today and it was awesome!
2. Peanut butter and jelly are unlikely, but eternal counterparts.

counterparts by UrbanDictator July 7, 2006