Legal Question in Banking Law in Pakistan
what is ranking charge.what is the difference between ranking charge and pari passu charge?
Asked on 8/15/10, 11:33 pm
1 Answer from Attorneys
pari passu charge means that all considered with equal power and state. whereas the ranking charge takes on a rating in terms of its preference.
Answered on 8/19/10, 7:28 am
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