pari passu

pa·ri pas·su

P0072300 (păr′ē păs′o͞o, păr′ī, pär′ē)adv. At an equal pace; side by side: inflation and interest rates increasing pari passu.

[Latin parī passū : parī, ablative of pār, equal + passū, ablative of passus, step.]

pari passu

(ˌpærɪ ˈpæsuː; ˈpɑːrɪ) adv (Law) usually law with equal speed or progress; equably: often used to refer to the right of creditors to receive assets from the same source without one taking precedence

pari passu

A Latin phrase meaning equal step, used to mean with equal speed.

Thesaurus

Adv.

pari passu - used in legal languageat an equal rate

Translations

pari passu

Related to pari passu: mutatis mutandis

Pari Passu

[Latin, By an equal progress; equably; ratably; without preference.] Used especially to describe creditors who, in marshalling assets, are entitled to receive out of the same fund without any precedence over each other.

pari passu

‘share and share alike’, a term used in several contexts but especially in relation to the rights and ranking of creditors of an insolvent estate; it denotes an entitlement to payment of their debts in shares proportionate to their respective claims.

PARI PASSU. By the same gradation.

pari passu

Pari passu

Refers to the equal ranking of securities.

Pari Passu

Describing securities or debts with equal claim on some right. A new issue of a security may be issued pari passu, which indicates that it carries the same rights as shares already issued. For example, common shares are all pari passu with respect to each other; this means that no one share has a prior claim to a dividend over any other. However, all common shares are junior to any preferred share, which is likewise pari passu with respect to other preferred shares.

pari passu

In equal portions. Used to describe distributions to creditors if they will each take a pro rata share of a debtor's assets.

pari passu

pa·ri pas·su

pari passu

pari passu

pari passu

pari passu

pari passu

Pari Passu

pari passu

pari passu

Pari passu

Pari Passu

pari passu

pari passu

Synonyms for pari passu

adv used in legal language

Synonyms