Meaning of pari passu charge – Pari-passu is a Latin phrase, which means “equal footing”. ... “Pari Passu” charge means that when borrower company goes into dissolution, the assets over which the charge has been created will be distributed in proportion to the creditors' (lenders) respective holdings.
What is Pari Passu Charge? - Bankers' Club
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Pari-passu is a Latin phrase meaning "equal footing." In finance, "equal footing" means that two or more parties to a financial contract or claim are all treated the same. Pari-passu is common in bankruptcy proceedings as well as debts such as parity bonds in which each party gets the same amount.
Pari-Passu - Investopedia
www.investopedia.com > Wealth > Trust & Estate Planning
Pari passu is a Latin phrase that literally means "with an equal step" or "on equal footing". It is sometimes translated as "ranking equally", "hand-in-hand", "with equal force", or "moving together", and by extension, "fairly", "without partiality".
Pari passu - Wikipedia
en.wikipedia.org > wiki > Pari_passu
The pari passu principle means that all unsecured creditors in insolvency processes, such as administration, liquidation and bankruptcy must share equally any available assets of the company or individual, or any proceeds from the sale of any of those assets, in proportion to the debts due to each creditor.
pari passu principle - Practical Law
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