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)
Related information about pari passu:
- Pari passu - Wikipedia, the free encyclopedia
Pari passu is a Latin phrase that literally means "with an equal step" or "on equal footing." It is sometimes translated as "ranking equally", "hand-in-hand," "with ...
- Pari-passu Definition | Investopedia
An example of pari-passu occurs during bankruptcy proceedings when a verdict is reached, all creditors can be regarded equally, and will be repaid at the same ...
- pari passu - definition of pari passu by the Free Online Dictionary ...
pa·ri pas·su (p r p s , p r , pär ). adv. At an equal pace; side by side: inflation and interest rates increasing pari passu. [Latin par pass : par , ablative of p r, equal + ...
- Pari-Passu - Financial Dictionary - The Free Dictionary
Describing securities or debts with equal claim on some right. A new issue of a security may be issued pari passu, which indicates that it carries the same rights ...
- The Awesome Pari Passu Hearing - Credit Slips
Jul 24, 2012 ... The Second Circuit argument in NML v. Argentina was awesome--I was at the edge of my seat the whole time. My takeaway after the hearing is ...
- Pari passu - Merriam-Webster Online
Definition of pari passu from the Merriam-Webster Online Dictionary with audio pronunciations, thesaurus, Word of the Day, and word games.
- A pari passu upset? | FT Alphaville
Oct 26, 2012 ... Argentina's selective recitation of context-specific quotations from arguably biased commentators and institutions notwithstanding, the preferred ...
- Argentina vs Elliott: It's not about pari passu any more | Felix Salmon
Apr 23, 2012 ... Elliott is quite explicitly distancing itself from its own pari passu argument.