MLchartDataset catalogue

Pari passu rule

Term · Insurance and risk management · MLC-T-INS-002490

A principle stating that all creditors within the same class are treated equally and receive proportional payments if a debtor becomes insolvent. This rule applies in bankruptcy proceedings and other situations where assets are distributed among multiple claimants. No creditor in the same class receives preferential treatment over another.

Table 1. Record
IdentifierMLC-T-INS-002490
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002490",
  "term": "Pari passu rule",
  "field": "Insurance and risk management",
  "definition": "A principle stating that all creditors within the same class are treated equally and receive proportional payments if a debtor becomes insolvent. This rule applies in bankruptcy proceedings and other situations where assets are distributed among multiple claimants. No creditor in the same class receives preferential treatment over another.",
  "url": "https://mlchart.com/terminology/insurance/pari-passu-rule/"
}

Record 2,514 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.