Meaning of “pari passu” in the English Dictionary

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"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 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)