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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 adverb from the Cambridge Business English Dictionary © Cambridge University Press)
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