Pari passu: Difference between revisions
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{{a| | {{a|latin|}}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 structure]] of a [[securities]] issuer, it usually denotes debt claims or [[Security|securities]] that share seniority with [[senior]] [[unsecured debt]]. | ||
===See also=== | ===See also=== | ||
*[[debt security]] | *[[debt security]] | ||
{{c|latin}} | {{c|latin}} | ||
Revision as of 12:58, 5 January 2021
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The JC’s guide to pithy Latin adages
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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.