Related Words

Par Bond: A bond trading at its face value.

Participate But Do Not Initiate: Used for listed equity securities. 'Participate in the side of the market indicated by the order, but do not initiate the interest that causes the trade to take place.' This kind of order ca . . . View Full Definition

Participating Buyer-Seller: Used for listed equity securities. (1) Customer willing to buy-sell in line with market. (2) Buyer-seller who goes along with another buyer-seller in a percentage order.

Participating Convertible Preferred Stock: Preferred stock that can be converted into common stock at the option of the holder. In contrast, to the usual preferred stock, the value of the preferred stock is refunded to the holder. Th . . . View Full Definition

Participant ID: The unique identifier associated with a participant.

Participant: A person who is eligible to receive health benefits under a health benefits plan. This term may refer to the employee, spouse or other dependents.

Partial Zoning: Zoning that does not consider its effect on other areas.

Partible Succession: The opposite of primogeniture, partible succession is the practice in which all the children share equally in an inheritance. Under this legal system, if a property-owner or king dies, the d . . . View Full Definition

Participating Dividend: Dividend received from ownership of participating preferred stock.

Participating Fees: The portion of total fees in a syndicated credit that go to the participating banks.