Counterparty Risk
The risk the other side of a trade won't honour their end — a live worry in bespoke, off-exchange contracts like forwards and swaps. It's why exchanges and clearing houses exist: to stand in the middle and guarantee the trade.
Where this is taught
Definitions are the trailer. These free levels turn Counterparty Risk into something you play — one bite-size lesson, with worked examples, a quiz and XP.