📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    A charge created over an asset as security that gives

    equal rights to all lenders is called _____ 
    A Pari passu Correct Answer Incorrect Answer
    B Equal Lien Correct Answer Incorrect Answer
    C Exclusive charge Correct Answer Incorrect Answer
    D Equitable charge Correct Answer Incorrect Answer
    E Further charge Correct Answer Incorrect Answer

    Solution

    A pari-passu charge is a security interest that gives multiple lenders equal rights to a borrower's assets.

    Practice Next
    More Financial Management Questions
    ask-question