- participation
- Provision in insurance policies by which the insured shares or participates in each loss incurred and covered by the policy on a specified percentage basis. Sometimes loosely referred to as coinsurance but latter term is not strictly applicable. To prove "participation" in a criminal enterprise, for purpose of convicting for aiding and abetting, there must be evidence to establish that defendant engaged in some affirmative conduct, that is, that defendant committed an overt act designed to aid in success of the venture; proof of mere negative acquiescence will not suffice. U.S. v. Cowart, C.A.Ga., 595 F.2d 1023, 1035@ participation loanAs a loan risk safeguard, and because of statutory and regulatory limitations on the amount which a single bank may lend to a single borrower, two or more banks will join in larger loans with each bank lending a portion of the amount to the borrower. Such loans are usually arranged for and serviced by a "lead" bank-lender@ participation mortgageType of mortgage where lender participates in profits of venture beyond or in addition to normal interest rate. Participes plures sunt quasi unum corpus in eo quod unum jus habent, et oportet quod corpus sit integrum, et quod in nulla parte sit defectus /partisapiyz pluriyz sant kweyzay yuwnam korpas in iyow kwod yuwnam jas heybant, et aportat kwod korpas sit intagram et kwod in nala partly sit dafektas/ Many parceners are as one body, inasmuch as they have one right, and it is necessary that the body be perfect, and that there be a defect in no part@
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.