pari passu with
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pari passu — A lending term meaning at an equal rate or pace. American Banker Glossary Refers to the equal ranking of securities. Bloomberg Financial Dictionary Occurs when securities with different characteristics ( e.g. shares with different entitlements to … Financial and business terms
pari passu — Latin: with equal step Ranking equally. When a new issue of shares is said to rank pari passu with existing shares, the new shares carry the same dividend rights and winding up rights as the existing shares. A pari passu loan is one in which the… … Big dictionary of business and management
pari passu — /ˌpæri pæsu:/ adverb a Latin phrase meaning ‘equally’ ● The new shares will rank pari passu with the existing ones … Dictionary of banking and finance
Pari passu — is a Latin phrase that literally means with equal step [cite web last = Belinsky first = Natalya authorlink = coauthors = title = Glossary of Colloquialisms (Starting with P ) work = publisher = TranslationDirectory.com date = url =… … Wikipedia
Pari passu — Saltar a navegación, búsqueda Pari passu es una frase en latín que literalmente significa con igual paso. [1] Lo que es a veces traducido como en igualdad de condiciones, al mismo nivel, con igual fuerza, o moviéndose en forma conjunta, y por… … Wikipedia Español
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… … Law dictionary
pari passu — Latin phrase meaning ratably or without preference (SA Bankruptcy.com) Equally and without preference. This term is often used in bankruptcy proceedings where creditors are said to be paid pari passu, or each creditor is paid pro rata in… … Glossary of Bankruptcy
pari passu — Latin, lit. with elegant step … Etymology dictionary
Pari-passu — A Latin phrase meaning “equal footing” that describes situations where two or more assets, securities, creditors or obligations are equally managed without any display of preference. An example of pari passu, occurs during bankruptcy… … Investment dictionary
pari passu — Occurs when securities with different characteristics (e.g. shares with different entitlements to dividend or voting rights) become identical in all respects (e.g. pari passu or assimilation). May be scheduled in advance (e.g. shares resulting… … Euroclear glossary
pari passu clause — A covenant in a loan agreement in which a borrower promises to ensure that the loan in question will rank pari passu (equally) with its other defined debts … Accounting dictionary
