The Participle reference article from the English Wikipedia on 24-Apr-2004
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Participle

Helping orphans the way you would do it
In the English language, there are two types of participle: (i) the present participle Which is formed by adding the suffix "-ing" to a verb, and (ii) the past participle which is formed by adding the suffix "-ed". Verbs which don't follow this process are called irregular verbs.

Examples

Many adjectives are formed from participles; as in "I saw a talking\ horse", "It was the done thing" and "She sold the crashed car at a loss".

A present participle is often confused with a gerund, a noun form of a verb with "-ing".

Other languages have different sorts of participles. E.g. Latin had:

Old English ended present participles with -ind. In the East Midlands dialect, it merges with -ing, which originally only named actions.