participating security means a security title to units of which is permitted by an operator to be transferred by means of a relevant system;
More Definitions of participating security
participating security means a security which entitles the holder thereof to participation, limited or unlimited, in the earnings or profits of the issuer, either alone or in addition to a claim for interest or dividends at a fixed rate, and includes, except where the reference is to "outstanding" participating securities, a security which entitles the holder thereof, on conversion, exchange, the exercise of rights under a warrant, or otherwise, to acquire a participating security;
participating security means any security (other than Common Stock) the rights of the holders of which are not limited to (i) a fixed sum or percentage of liquidation preference or principal amount, (ii) a sum determined by reference to a formula based on a published index of interest rates, (iii) an interest rate publicly announced by a financial institution or a similar index of interest rates in respect of interest or dividends or (iv) a fixed sum or percentage of principal amount or liquidation preference in any distribution of assets.
participating security means a security, title units of which are permitted by theOperator to be transferred by means of a relevant system; "recognised clearing house" means a clearing house granted recognition under FSMA;