Pari passu: Difference between revisions

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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]].
{{a|glossary|}}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]]
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{{c|latin}}