Pari Passu definition:
Latin: Equitably and without preference.
This term is often used in bankruptcy proceedings where creditors are said to be pari passu which means that they are all equal and that distribution of the assets will occur ...
Pari passu is a Latin phrase that literally means "equal footstep" or "equal footing.
Pari passu
The Latin term "Pari passu" means, in a UK legal context: "on an equal footing".
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Pari passu - On an equal footing
Per curiam - In the opinion of the court
Per minas - By means of menaces or threats ...
PARI PASSU. By the same gradation.
PARISH. A district of country of different extents. In the ecclesiastical law it signified the territory committed to the charge of a parson, vicar, or other minister. Ayl. Parerg. 404; 2 Bl. Com. 112.
Pari Passu On an equal footing. Both parties are being treated equally by the court. None is prejudiced. Neither has an advantage over the other. Party A party to a lawsuit is a plaintiff or defendant of one kind or another, i.e.
Pari passu: (Latin: with equal step) Often used in bankruptcy proceedings where creditors are said to rank pari passu, which means the assets are distributed without preference between them.
Equitable assets, are such as can be reached only by the aid of a court of equity, and are to be divided,, pari passu, among all the creditors; as when a debtor has made his property subject to his debts generally, which, ...
In equal right; upon like or equivalent footing. Pari materia. On a like subject. Pari passu. By equal step; at equal rate: without preference or priority, as of one creditor over another, in marshaling assets.
 See also: Term, Credit, Court, Creditor, Law
  
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