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]] | ||
Revision as of 14:39, 25 January 2014
A clause in a loan agreement, normally for an unsecured borrowing, that the lender will rank equally with all other unsecured creditors.
