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    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.

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