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 1 Jul. 2022.
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