Ceding pari passu charge means
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Pari passu
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will eloborate it
was going through parri passu only just 2 mins back and saw ur post!!!!!
Pari Passu is a term used in banking transactions which means that the charge to be created is in continuation of an earlier charge which might be held by the same institution or by an other institution.
Mean At an equal pace; side by side:
**DM
CRaZy aCCouNTaNTS...
The term is Latin and translates to "without partiality." For example, a secondary issue of shares that carry equal rights with existing shares are said to "rank pari passu."
**DM
CRaZy aCCouNTaNTS...
| Originally posted by :Asha | ||
| " | Ceding pari passu charge means | " |
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