The term 'pari-passu' means:

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Law · Legal Terms

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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With equal step, ranking equally, or on equal footing

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Which of the following territories was annexed by Lord Dalhousie under the pretext of misgovernance, and not directly through the Doctrine of Lapse?

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Answer 1

With equal step, ranking equally, or on equal footing

Answer 2

Unequal right of another creditor with that of the secured creditor

Answer 3

Share in the remaining, after due appropriation

Answer 4

An absolute priority given to unsecured loans

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