Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Participation
n. 1. The act of taking part in something, such as a partnership. 2. The right of employees to receive part of a business's profits; profit-sharing. - participate, vb.
direct-participation program
An investment vehicle that is financed through the sale of securities not traded on an exchange or quoted on NASDAQ and that provides flow-through tax consequences to the investors.
equity participation
The inclusion of a lender in the equity ownership of a project as a condition of the lender's granting a loan. - Also termed equity kicker.
joint participation
Civil-rights law. A pursuit undertaken by a private person in concert with a governmental entity or state official, resulting in the private person's performing public functions and thereby being subject to claims under the civil-rights laws. - Also termed joint activity. See SYMBIOTIC-RELATIONSHIP TEST; NEXUS TEST.
loan participation
The coming together of multiple lenders to issue a large loan (called a participation loan) to one borrower, thereby reducing each lender's individual risk.
participation loan
A loan issued by two or more lenders. See LOAN PARTICIPATION.
participation mortgage
See MORTGAGE,
participation stock
Stock permitting the holder to participate in profits and surplus.
societe en participation
n. French law. A joint venture.