certificate of participation

Definition of certificate of participation

1 : a certificate issued by some forms of investment trust evidencing a proportionate equitable interest of the holder in securities held by the issuing concern
2 : a certificate of membership in a pension plan issued by the trustee who holds the policies as issued by the insuring company

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Cite this Entry

“Certificate of participation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/certificate%20of%20participation. Accessed 23 Jan. 2021.

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