Even Par: (also 'even, level, level par') anytime one's score is level with, or equivalent to, par during, or at the conclusion of, a round of golf

 

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Even Par: (also 'even, level, level par') anytime one's score is level with, or equivalent to, par during, or at the conclusion of, a round of golf

Par: 1. The standard number of strokes in which a scratch player would be expected to complete a hole or course 2. (also 'even, even par, level, level par') the score of par for a course, or the . . . View Full Definition

Participation Financing: Where a lender becomes a partner in a development.

Participation Loan: A large loan made by a group of lenders, that enables a borrower to obtain financing above the legal lending limit of an individual lender.

Participation Certificates (PC): Used in the context of general equities. Investments representing an interest in a pool of funds or in other instruments, such as foreign securities, that allow participation in the rise or . . . View Full Definition

Participation Certificates: Certificates issued by Freddie Mac backed by pools of mortgages.

Participating Preferred Stock: Preferred stock that provides the holder with a specified dividend plus the right to additional earnings under specified conditions.

Participating Provider: A physician, hospital, pharmacy, laboratory or other appropriately licensed facility or provider of health care services or supplies that has entered into an agreement with a managed care en . . . View Full Definition

Participation Mortgage: A mortgage loan wherein the lender has a partial equity interest in the property or receives a portion of the income from the property.

Participative Management: A management style, developed by Motorola, that involves employees in the decision-making process.