Pari passu clause

From ACT Wiki
Revision as of 14:20, 23 October 2012 by imported>Administrator (CSV import)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

A clause in a loan agreement, normally for an unsecured borrowing, that the lender will rank equally with all other unsecured creditors.

See also


Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Pari_passu_clause&oldid=36570’