Literally, “with equal treatment among themselves.” A legal term that refers to financial instruments that rank equally in right of payment with each other and with other instruments of the same [..]

Refers to the equal ranking of securities.

at an equal pace, simultaneously and equallyHe writes stories and essays pari passu.

Latin, literally "with equal step," from ablative of par "equal" (see par) + passus "pace" (see pace (n.)).

A pari passu covenant is incorporated into debt instrument documentation to ensure that the borrower's indebtedness under the relevant facility/instrument would at least rank equally with all oth [..]

Securities issued with a pari passu clause have rights and privileges that are the same as those of existing securities of the same class. Pari passu means 'with equal step' in Latin.

Definition Often seen in venture capital term sheets, indicating that one series of equity will have the same rights and privileges as another series of equity. ('of equal step' in latin)

Means “at an equal rate”, and can refer to financial instruments that rank equally in right of payment with each other and with other instruments of the same issuer. It is also often used in bankruptc [..]

Ranking equally. For example, in a new issue of shares which carry equal rights with existing shares they are said to rank pari passu.

Ranking equally.

Pari passu is a Latin phrase that means "at the same time", and in usage often refers to treating things equally, without showing preferences. In the context of finance, it refers to a loan [..]

With equal step moving together

At the same time; in equal degrees; two or more schemes carried on at once and driven forward with equal energy, are said to be carried on pari passu, which is Latin for equal strides or the equally m [..]

Of instruments, ranking equally in right of payment with each other and with other instruments of the same issuer. From Latin: with equal step.

To share and share alike or ranking equally, e.g. in the case of claims or security rights.

Side by side, at the same rate Pari passu is a Latin phrase that literally means “with an equal step” or “on equal footing”. Example: This new issue of shares rank pari passu with all shares issued ea [..]

In relation to a statement that newly issued shares rank pari passu with all existing shares, such newly issued share rank equally in every respect with all the other shares of the same class previously issued.

(economics) at an equal rate

On an equal basis. When mortgages are syndicated, the lenders participate equally. No one party has preferential access to gains or is able to opt out of losses. In company stock, it refers to equal r [..]

Refers to the equal ranking of securities.