clarify
This query is : Resolved
CA Ysil Karunai
(Querist)
14 November 2009
Dear Sir,
What is the exact meaning for
(a) pari passu and
(b) prejudcial
Can you give some examples for the above?
What is the exact meaning for
(a) pari passu and
(b) prejudcial
Can you give some examples for the above?
Ram Avtar Singh
(Expert)
14 November 2009
What Does Pari-passu Mean?
Two securities or obligations having equal rights to payment
prejudcial
1 : tending to injure or impair : detrimental
2 : leading to premature judgment or unwarranted opinion
Two securities or obligations having equal rights to payment
prejudcial
1 : tending to injure or impair : detrimental
2 : leading to premature judgment or unwarranted opinion
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