Definition, Meaning & Synonyms
pari-passu
adverb
/ˈpɑːri ˈpæsuː/
Definition
A Latin phrase meaning ‘on equal footing’ or ‘at the same pace.’
Examples
- Investors will receive their returns pari-passu with one another.
- The company’s debts must be paid pari-passu with its obligations to shareholders.
Meaning
Describes a situation where parties or things are treated equally, particularly in legal and financial contexts.
Synonyms
- Equally
- On equal terms
- Simultaneously
