Pari passu clause: Difference between revisions
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A clause in a loan agreement, normally for an unsecured borrowing, that the lender will rank equally with all other unsecured creditors. | A clause in a loan agreement, normally for an unsecured borrowing, that the lender will rank equally with all other unsecured creditors. | ||
== See also == | == See also == | ||
* [[Negative pledge]] | * [[Negative pledge]] | ||
* [[Pari passu]] | * [[Pari passu]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 14:13, 8 October 2020
A clause in a loan agreement, normally for an unsecured borrowing, that the lender will rank equally with all other unsecured creditors.
