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

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

counterplan 

(1)If you are the Negative: the only way to combat a massive affirmative case with irrationally large advantages, and liars for internal link authors who lie too well for their own damn good.(2) If you are the Affirmative: when the Neg tries to jack your advantages and outwiegh them with a miniscule risk of a stupid, wimpy DA.

(1)"I got lucky because they didn't have any minisculeagencythatpretendstobetopical key cards, so my agent counterplan worked."

(2)"We pretty much won the spending DA, but they won at the point where they got a .000000001% risk that their counterplan solved for their stupid Mead evidence."

counterplan by CoolestFreakingDebaterEver July 14, 2006

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

Plan Inclusive Counterplan 

Used in policy debate, a plan inclusive counterplan is one that picks one single, irrelevant, stupid little thing of the affirmative plan and does all of plan minus that. Then, the 1NC will bitch about why that irrelevant, insignificant thing is really really bad. Typically, bad, lazy squads such as universities from the state of Kansas, will run these arguments.

Fuck, we're hitting KSU! We need to prep for a PIC (plan inclusive counterplan) debate!

Plan Inclusive Counterplan by Baby D Nasty June 30, 2008

counterpwn 

When someone tries to pwn you and you return it with a much more pwnage comment.

Guy 1: Dude you've been going out with that chick for like 3 months now and still haven't banged her

Guy 2: When was the last time you made it anywhere with a girl? Oh yeah, sorry, I forgot. Never.

Guy 3: Counterpwnd!

counterpwn by Pwnbags Johansonn November 7, 2007