The bank will be able to take equity participations as well as make loans.

His business interests vary from equity participation, management, development & ownership of property and industrial catering, all on the international scale.

The equity participation comes in the conversion feature, which allows the bond to be exchanged for a specified number of common shares.

But instead of just collecting interest, investors are offered an equity participation through their ability to convert the issue into Texas Instruments common stock.

The common feature of all these is equity participation (limited in the case of preference shares).

They may also share proceeds with, or provide discounts to, landlords and, in some cases, offer an equity participation in the company.

An estimated 10% of Bain's revenue is derived from this equity participation or "success fees".

"All the moving around was a way to get a better salary, to get some equity participation and a decent contract," Jerry said.

Viacom, for its part, gets equity participation in any future deals the two companies may negotiate.

In the early 1990's, when manufacturing is to begin, Dow's equity participation would rise to 50 percent.