Pari Passu Meaning Examples Basis Uses How It Works
Pari-Passu Meaning Pari passu is a Latin term meaning “an equal footing” and is commonly applied in bankruptcyBankruptcyBankruptcy refers to the legal procedure of declaring an individual or a business as bankrupt.read more, liquidationLiquidationLiquidation is the process of winding up a business or a segment of the business by selling off its assets. The amount realized by this is used to pay off the creditors and all other liabilities of the business in a specific order....