貸款出售
loan sale
又被稱之為次級貸款參與，是指銀行將某特定貸款的未來現金流量提前賣給有興趣的投資人，而將貸款由銀行的資產負債表移除，銀行可由此獲得比原先多一點的利潤，這是因為這些貸款與當時的市場利率相比是更高的，因此其他機構便願意付出較高的價格去購買貸款。
Participation has been called subprime loans, refers to a particular bank loans ahead of future cash flows to sell interested investors, while loans removed from the balance sheets of banks, whereby banks can obtain a little more than the original profit, it is because these loans compared to the prevailing market interest rate is higher, so that other agencies would be willing to pay a higher price to buy the loan.