Pari Passu

Legal Definition and Related Resources of Pari passu

Meaning of Pari passu

(Lat.) By the same gradation. Used especially of creditors who, in marshalling assets, are entitled to receive out of the same fund, without any precedence over each other.

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This definition of Pari Passu Is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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Pari passu in the Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims

By equal step; at equal rate: without preference or priority, as of one creditor over another, in marshaling assets.

Note: This legal definition of Pari passu in the Dictionary of Law (English and American Jurisprudence) is from 1893.


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