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Participation loan

   Also found in: Dictionary/thesaurus, Wikipedia 0.02 sec.
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
A very large loan made by more than one lender to a single borrower. A participation loan exists when the lenders have a legal limit on the maximum amount they may lend.


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