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LSDefine

Simple English definitions for legal terms

participate

Read a random definition: consulting expert

A quick definition of participate:

Participate: To take part in something and receive a share of the benefits. This could include receiving a portion of profits from a business, payments on a loan, ownership of land, or being named as a beneficiary in someone's will.

A more thorough explanation:

Definition: To take part in an activity or event, or to invest in something and receive a share of the profits or benefits.

Example 1: Sarah decided to participate in the school play by auditioning for a role.

Example 2: John agreed to participate in the company's employee stock ownership plan, which allowed him to invest in the company and receive a share of its profits.

These examples illustrate the different ways in which someone can participate. In the first example, Sarah is participating in an activity by auditioning for a role in the school play. In the second example, John is participating in a financial opportunity by investing in the company and receiving a share of its profits. In both cases, the person is actively involved in something and stands to benefit from their participation.

partially secured debt | Participating preferred stock

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