### Question
How is the "participant" defined?


### Answer
The term **participant** is defined in *12 U.S.C. § 4001* as follows -

> a depository institution which—


(A) is located in the same geographic area as that served by a check clearinghouse association

#### Citation:
  - *12 U.S.C. § 4001*
  - Heading: **CHAPTER 41-EXPEDITED FUNDS AVAILABILITY**

