The legal term 'pari-passu' means:

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Law · Legal Maxims

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Equal right of another creditor with that of the secured creditor.

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Answer 1

None of the above.

Answer 2

Share in the remaining assets after due appropriation.

Answer 3

Unequal right of another creditor with that of the secured creditor.

Answer 4

Equal right of another creditor with that of the secured creditor.

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