General Studies · Financial Terms
What does the term 'pari-passu' mean in banking and financial contexts?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Priority over other creditors
- 2Equal footing or equal treatment✓
- 3Complete repayment of debt
- 4Preferential claim on assets
Correct answer
Equal footing or equal treatment
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