participating adj1 : 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 [ shares]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.