Participation transaction (undertaking on joint account)

The temporary cooperation of two or more partners in the financial market to carry out a transaction jointly. – Several institutions combine for a limited period of time for the purpose of carrying out an operation, as especially in the case of a bond issue. – See syndicated loan, meta-linkage, syndication, partial account, loss-sharing arrangement.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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