participation
An agreement between lenders to share a commitment to extend funds (if any), the extension of funds, and the credit risk for one or more credit facilities to a borrower. Almost always evidenced by a written agreement. American Banker Glossary
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participate par‧tic‧i‧pate [pɑːˈtɪspeɪt ǁ pɑːr-] verb [intransitive]
1. if someone participates in the management of a company, they help make important decisions, for example by being on the
board of directors:
participate in
• Investors can participate in the management of the company they invest in, but must keep ownership at less than 50%.
2. HUMAN RESOURCES if employees of a company participate in its profits, they receive part of them:
participate in
• The workers have a stake in the corporation's success and they participate in its growth and profits.
3. FINANCE if investors who are members of
mutual S (= financial institutions such as some insurance companies, without shareholders) participate in their profits, they receive a share of the profits in addition to the normal payments from their investments
— participation noun [uncountable] :
• Members also benefit from their participation in the profits of the mutual company.
• the impact of worker participation schemes on enterprise performance
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Part ownership of an oil venture or operation, by a company or government. It can also refer to a mortgage loan made jointly by two or more lenders.
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participation UK US /pɑːˌtɪsɪˈpeɪʃən/ noun [U]
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Management must fully explain the changes and listen to concerns before asking for employee participation.
participation (of sb) in sth »
Staff participation in professional conferences is encouraged by the management.
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We're talking about what we can do to stimulate the participation of women entrepreneurs in the economy.
Financial and business terms.
2012.