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English definition of “pari passu”

pari passu

adverb
 
 
FINANCE, LAW
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.
(Definition of pari passu from the Cambridge Business English Dictionary © Cambridge University Press)
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