participating

adjective
par·​tic·​i·​pat·​ing

Legal Definition of participating

1 : involving participation by more than one person or agency
2 : sharing in distributions:
a : entitling the holder to a share in any distribution of surplus by the issuing insurance company
b : entitled to a share in distributions that are in addition to regular fixed income participating shares

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“Participating.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/participating. Accessed 4 Mar. 2021.

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