A party of a funding. It usually refers to the lowest rank or smallest level of funding. Bloomberg Financial Dictionary
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See client Euroclear Clearing and Settlement glossary
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An investor or intermediary acting in a trading capacity. London Stock Exchange Glossary
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participant par‧tic‧i‧pant [pɑːˈtɪspənt ǁ pɑːr-] noun [countable]
someone who is taking part in an activity or event:
participant in
• He was an active participant in the negotiations.
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participant UK US /pɑːˈtɪsɪpənt/ noun [C]
► someone who takes part in an event or activity: a participant in sth »
We need to double the number of participants in the annual staff survey.
Financial and business terms. 2012.