LOAN PARTICIPATION
\lˈə͡ʊn pɑːtˈɪsɪpˈe͡ɪʃən], \lˈəʊn pɑːtˈɪsɪpˈeɪʃən], \l_ˈəʊ_n p_ɑː_t_ˈɪ_s_ɪ_p_ˈeɪ_ʃ_ə_n]\
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Sharing one or more loans among a lender collective. Allows the group to manage loan package to big for any one of them alone. Known as participation loans or syndicated loans, this collective included a hundred banks or more all around the world. Also known as loan syndication or participation financing.
By Henry Campbell Black
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.