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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

counterballs 

When you foresee someone is going to troll you online and you troll them first.
Counterballs dude! I thought he was going to get you. Well played.
counterballs by Kenar9 February 17, 2022

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

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

Counterhating 

The act of defending someone from a hater by counterhating. (countering the hate)
Counterhating is usually done by a friend who delights in pwning, slamming and serving people ( haters ) who hate on the counterhater's friends, family, etc. Mostly, this action is seen on Formspring. Counterhating is done mostly on Formspring by a Formspring Hero, anonymously, and unanonymously.
-on Formspring-

Hater:you wear tights and shorts it looks fucking nasty because your legs are all mishapen and shit. So yeah thats basically 3 things you posed in a time of one year. pathetic.

Friend: get over yourself

Counterhater: HEY HATER. YEA YOU. THE MAYOR OF NEW HATE CITY JUST CALLED. THEY WANT YOU TO POSE FOR THE NEW STATUE THATS BEING BUILT IN FRONT OF THE HATERS' HALL OF FAME. CONGRATULATIONS ON BEING SUCH A HATING HATEFUL HATER YOU HATEFUL HATEFILLED HATER. GO HATE SOMEONE YOU MOTHERHATER.

Friend: xD again with the comebacks >:D

Counterhater: I love Counterhating~ In fact i love it so much, that i think ill define it on UD~ hmmmm yesh~ its not defined yet! ITS MINEEEEEEEEE
Counterhating by Kashew~ August 28, 2010