pari passu Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “pari passu” in the English Dictionary

"pari passu" in Business English

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pari passuadverb

uk   us   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 ​preferentialtreatment 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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