PARI PASSU
pari passu (pahr-ee pahs-oo orpair-I, pair-ee, orpar-ee pas-[y]oo). [Latin “by equal step”] Proportionally; at an equal pace; without preference < creditors of a bankrupt estate will receive distributions pari passu>.
[Blacks Law 8th]
pari passu (pahr-ee pahs-oo orpair-I, pair-ee, orpar-ee pas-[y]oo). [Latin “by equal step”] Proportionally; at an equal pace; without preference < creditors of a bankrupt estate will receive distributions pari passu>.
[Blacks Law 8th]