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- Dictionarypari passu/ˌparɪ ˈpɑːsuː/
adverb
- 1. side by side; at the same rate or on an equal footing: "early opera developed pari passu with solo song"
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May 14, 2024 · Pari-passu is a Latin phrase meaning "equal footing" that describes situations where two or more assets, securities, creditors, or obligations are equally managed without preference.
May 20, 2024 · What does pari passu mean? Pari passu is a standard clause in a financial agreement that ensures that creditors to a contract or claims to assets, properties, securities, and debt obligations are treated equally.
PARI PASSU definition: used to say that different people or things are dealt with equally: . Learn more.
What is Pari-Passu? Pari-passu is a Latin term that means “ranking equally and without preference.” Applied in a legal context, pari-passu means that multiple parties to a contract, claim, or obligation are treated the same, “ranking equally and without preference.” Uses and Applications of the Pari-Passu Principle Lending
Pari passu is a Latin phrase that literally means "with an equal step" or "on equal footing". It is sometimes translated as "ranking equally", [1] "hand-in-hand", "with equal force", or "moving together", and by extension, "fairly", "without partiality".
Jun 5, 2024 · : at an equal rate or pace. Examples of pari passu in a Sentence. Recent Examples on the Web The new Ordinary Shares rank pari passu with the existing Ordinary Shares in issue, and application has been made for the shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange PLC.
used to say that different people or things are dealt with equally: The new shares will rank pari passu in all respects with the existing ordinary shares. There will be no preferential treatment and his assets will be distributed pari passu to family members.
Mar 20, 2024 · What Does Pari Passu Mean in Finance? The pari passu clause is a legal provision proclaiming that certain parties, such as specific classes of claim holders in an intercreditor agreement, will receive equal treatment.
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.
Mar 16, 2021 · What is Pari-Passu? Pari-passu is a latin term that means 'at an equal rate or pace.' The term is often used in venture capital.
