Investment dictionary

PARIPASSU

Pari-passu: translation

A Latin phrase meaning “equal footing” that describes situations where two or more assets, securities, creditors or obligations are equally managed without any display of preference. 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 time and at the same fractional amount as all other creditors. Treating all parties the same means they are pari-passu.

In finance, the term pari-passu refers to loans, bonds or classes of shares that have equal rights of payment, or equal seniority. In addition, secondary issues of shares that have equal rights with existing shares rank pari-passu. Wills and trusts can assign an in pari-passu distribution where all of the assets will be equally divided between the named parties.

  1. paripassu—эквивалентный равный во всех отношениях ассимиляцияCORPu данный термин обычно используется в сообщениях о новых акциях которые имеют те же права и привилегии что и ранее ...Англо-русский словарь терминов по депозитарному хранению и клирингу
  2. paripassu—лат наравне и одновременно равно...Англо-русский словарь экономических терминов