Latin phrase taken to mean of equal value or proportionately. Often used when new shares are issued with the same rights as existing shares.
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 ranking of a company's preferred shares.
Equally, rateably, without preference. Generally used to describe securities which are to be treated as being of equal priority or preference.
Equably, rateably, without preference. Generally u... Add a comment
a legal term referring to the equal treatment of two or more parties in an agreement. For example, a venture capitalists may agree to have registration rights that are pari passu with the other investors in a financing round.
At an equal rate or pace, without preference.
A corporate action in which a line of stock is issued by a company which is identical to the existing class of security except that it does not qualify for the dividend or has some restriction.
A term denoting a new issue of shares carrying equal rights to existing shares.
means "on equal terms", commonly used in relation to newly issued shares which rank equally in every respect with all the other shares of the same class previously issued.
Literally means on an equal basis.
Means literally 'with equal step', 'equally', 'without preference'. The term can refer to shares in a company ranking equally for all purposes, or to loans taken from two or more lenders ranking with the same degree of priority against the borrower. Close
Ranking equally. After conversion of debentures into shares, the new shares created carry the same rights as the existing shares of the company to receive dividends, rights and bonus shares, and to participate in the company's profit and loss.
A term used to describe new securities issued by the company that are entitled to the same rights as the securities already in existence.
This term is usually used to describe new issues of securities which have the same rights as similar issues already in existence. It means "equal in all respects."
An equal sharing among different groups. If separate classes of preferred stock are structured to be pari passu with respect to liquidation preferences or dividends, on the sale of a company, all of the pari passu stockholders receive distributions in the same proportions as their relative liquidation preferences.
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.
A legal undertaking to ensure that the bank will be placed on an equal footing with other secured creditors.
Latin: Equitably and without preference. A term often used in bankruptcy proceedings where creditors are said to be "pari passu" meaning that they are all equal and that distribution of the assets will occur without preference between them.
This means "in equal proportion." It usually refers to equally ranking issues of a company's preferred shares.
A legal term that is used when different series of debt (whether intermediated or disintermediated) have equal ranking in terms of repayments rights.
Meaning the same in strategy, rights and privileges ("of equal step" in Latin).
Refers to the equal ranking of securities. Source
Latin phrase that means "at the same time", and by extension also "fairly", "without partiality".
