LEGAL WORD
Pari passu
Latin phrase · Banking and corporate law
Pari passu
- Type: Latin phrase
- Area of law: Banking and corporate law
1 What it means
With equal step. Creditors ranking pari passu share equally, without preference.
2 Use it in a sentence
The new loan was secured pari passu with the existing lenders.
3 Make it stick
Write your own sentence using Pari passu about a case or topic you are studying this week, then check it against the meaning above.
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