Pari passu: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "A gloriously baffling {{tag|Latin}} expression which means, literally, “side by side”; “at the same rate” or “on an equal footing”. In the context of capital str...") |
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Revision as of 16:38, 30 September 2016
A gloriously baffling Latin expression which means, literally, “side by side”; “at the same rate” or “on an equal footing”. In the context of capital structure of a securities issuer, it usually denotes debt claims or securities that share seniority with senior unsecured debt.