Pari passu,
Definition of Pari passu:
Equal in all respects, at the same pace or rate, in the same degree or proportion, or enjoying the same rights without bias or preference. If a new issue of shares (stock) is said to rank pari passu with the existing shares, then the rights associated with both issues are exactly the same. Latin for, with equal steps.
Side by side; at the same rate or on an equal footing.
How to use Pari passu in a sentence?
- We had told the business partner that it was pari passu so there was no inequalities between the parties involved.
- Andrew was jealous of his twin brother accomplishing goals quicker than he did and wished they were pari passu , that is, he wished they were equal and enjoying the same things at the same pace.
- I knew the two men would continue arguing about who was better and my attempt to explain to them pari passu would not work.
Meaning of Pari passu & Pari passu Definition
Pari-passu,
Definition of Pari-passu:
Paripu is a Latin term meaning a level playing field and describes a situation where two or more ETSs, securities, lenders or bonds are managed evenly and without priority. An example of a paraphernalia occurs during the bankruptcy process: when a court makes a decision, the court treats all lenders equally and the trustee repays them at the same time as the other lenders.
- Paripo is a Latin word meaning equal conditions.
- In finance, equality means that two or more parts of a financial agreement or claim are treated equally.
- Paripo is also common in bankruptcy proceedings and loans, such as parity bonds, where each party receives the same amount.
- Wills and trusts can also sign a paripo distribution in which all the nominated parties participate equally and equally.
