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(Querist)
14 November 2009 Dear Sir,
What is the exact meaning for
(a) pari passu and
(b) prejudcial
Can you give some examples for the above?
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
14 November 2009 What Does Pari-passu Mean?
Two securities or obligations having equal rights to payment

prejudcial

1 : tending to injure or impair : detrimental
2 : leading to premature judgment or unwarranted opinion

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