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    Banking Services Management (BSM)
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    Exam 8: Banking Systems and Institutions
  5. Question
    Pari Passu Charge Refers to a Charge
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Pari Passu Charge Refers to a Charge

Question 18

Question 18

Multiple Choice

Pari Passu charge refers to a charge


A) ranking in priority, regardless of quantum of advances
B) merely notional in nature
C) ranking equally in priority in proportion to the lender's share of advance
D) none of these

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