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Hypothecation is a kind of non-possessory security interest created normally in favour of a lender for securing the obligation of the person who has availed any financial assistance from the Bank. If the borrower creates security interest on the same set of property in favour of more lenders, the security interest of the lenders shall rank according to the chronological order in which it is created, unless the lenders otherwise agree. If the value of the security is sufficient to cover all obligations of the borrower to many lenders, the lenders may agree inter-se (usually at the request of the Borrower) that the security interest of all the lenders shall have the same ranking or priority. Then such security is called pari passu ranking security interest.
Wiki User
∙ 11y ago
"Pari passu" means equal treatment for all parties involved, typically in the repayment of debts or distribution of assets. "Hypothecation" is when an asset is pledged as collateral for a loan without transferring ownership, allowing the borrower to access funds while the lender retains a security interest in the asset.
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Sino sa dalawang pari ang nararapat na maupo sa kabiserapangatiranan?
Ang mga pari ay parehong magagaling at karapat-dapat sa kanilang posisyon. Ang pagpili sa sino ang dapat umupong kabiserapangatiranan ay maaaring basehan sa kanilang kakayahan, karanasan, at integridad sa paglilingkod sa simbahan.
How do you say I speak Bengali in bangla?
You can say "আমি বাংলা কথা বলতে পারি" which translates to "Ami Bangla kotha bolte pari" in Bengali.
How do you say to have intercourse in bengali?
"To have intercourse" in Bengali can be translated as "যৌন সম্পর্ক রাখা" (pronounced as "joun somporko rakha").
What does papi tu no cata tu te puede el del pari mean?
That phrase is in Spanish and roughly translates to "Daddy, you don't know, you can't compete with the one from the party." It seems to express a sense of challenge or competition between individuals.
How do you write conclusion in Hindi?
To write a conclusion in Hindi, you can use phrases like "इस प्रकार," "इस तरह से," or "इस बात के साथ," followed by summarizing key points from your discussion or essay. You can also end with a reflection or a call to action related to your topic.
What is the difference between first pari passu charge and second pari passu charge?
In law, the difference between the first pari passu charge and second pari passu charge is the that the first charge means it is a simultaneous charge in favor of more than one person or lender and equal in all respects. The second charge would is subordinate to the first and is in favor of the previous person or lender.
What is the translation of 'pari-passu' in Hindi?
Pari is nymph or fairy . passu or pashu is animal .
What is ranking charge pari passu charge 1st charge and 2nd charge?
what ranking charge pari passu?
What is the latin for with equal step?
Pari passu
Legal expression from latin meaning equal pace?
Pari Passu
What is the Latin legal expression meaning with equal pace?
Pari Passu
What is meaning of pari passu clause in a debenture?
equally without preferance
What is mean by 2nd pari passu charge?
Parri Passu charge in terms of finance is equal charge on borrower, especially incase of default/bankruptcy Parri Passu charge in terms of finance is equal charge on borrower, especially incase of default/bankruptcy
What is the meaning of pari passu charge?
Pari Passu is a term used in banking transactions which means that the charge to be created is in continuation of an earlier charge which might be held by the same institution or by an other institution.What is meant by Parri Passu Charge?Parri Passu is derived from Latin for 'with equal progress'. The phrase is used to indicate simultaneous and equal change or to describe similar ranking of securities or lenders; for example, when a new issue of shares is made, they could be said to rank pari passu, ie, equally with existing shares for the purposes of dividend payments. A common agreement between joint lenders is a pari passu clause under which, in the event of a shortfall, they agree to share equally whatever is available.The use of "Pari Passu" when creating a charge means that when company Y goes into dissolution, the assets over which the charge has been created will be distributed in proportion to the creditors' respective holdings. Therefore, if the Bank X has tendered a loan facility of 60 million PKR while another creditor, say Z, has tendered 40 million PKR, the recovery after selling assets of Company Y to which joint pari passu charge attached, shall be distributed in the ratio of 6:4 amongst X and Z. Where preferential rights attach to assets of the company, the preferential creditors rank higher in the distribution stakes i.e. they are paid in priority to other creditors of the company
How does a business owner and fear of business owners goes pari-passu?
Yes the business owner and fear of business owener goes on
What is Pari passu charge in Pakistan banking loan system?
Not just a Pakistani thing ... depending on context, could be 2 banks with equal stakes in the security on a loan
Can company issue debenture with pari passu clause?
YES, a company can issue its debentures with a pari passu clause when they are issued in series. This implies that the debentures shall be paid proportionately. This assumes an added advantage when the company is short of cash & does not have the amount to make payment for debentures.In such case, all the debentures held by a creditor of the company ranked equal as regard charge and repayment with the others of that series. However, a company cannot give this right tto its new debentureholder of its old debentures unless it is expressly authorised to do so.
