What does Pari Passu mean?
A Latin phrase meaning 'with equal step,' used to describe situations where multiple creditors or claims have equal rights to payment.
In bankruptcy, all unsecured creditors are typically treated pari passu, receiving a pro-rata share of the remaining assets.
Pari Passu in German, French, Spanish and Italian
GermanPari Passu
also Gleichrangig
Grundsatz der Gleichbehandlung von Gläubigern in der Insolvenz.
FrenchPari Passu
also Au même rang
Clause de traitement égalitaire des créanciers.
SpanishPari Passu
also En igualdad de condiciones
Principio de igualdad de condiciones para todos los acreedores.
ItalianPari Passu
also Di pari passo
Principio di parità di trattamento tra i creditori.
Synonyms and opposites for Pari Passu
- Synonym Side by side
- Synonym Equal footing