What Does Pari Passu Rule Mean?

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What does Pari Passu Rule mean? Read on to discover the definition & meaning of the term Pari Passu Rule - to help you better understand the language used in insurance policies.

Pari Passu Rule

Pari Passu Rule

The general principle of English insolvency law that all unsecured creditors must be treated equally.

We hope the you have a better understanding of the meaning of Pari Passu Rule.

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