How Do You Spell PARI PASSU?

Pronunciation: [pˈaɹi pˈasuː] (IPA)

Pari passu is a Latin term that means "at an equal pace" or "simultaneously." It's a phrase that is commonly used in legal contexts, particularly in finance and banking. The spelling of pari passu is straightforward and is pronounced as "PAH-ree PAH-soo" in IPA phonetic transcription. The word "pari" is pronounced with stress on the first syllable, while "passu" is pronounced with stress on the second syllable. Overall, it's a useful term in legal language for referring to equal treatment of different parties.

PARI PASSU Meaning and Definition

1. Pari passu is a Latin term that directly translates to "equal footing" or "equally." In legal and financial contexts, it refers to a principle or concept of equal treatment or distribution, particularly concerning the rights, priorities, or obligations of different parties or classes of stakeholders.

   When applied to the financial realm, pari passu states that various parties or creditors will share equally in the benefits, rights, or risks related to a particular investment or financial instrument. For instance, in the event of bankruptcy or liquidation, if two creditors hold pari passu claims, they will have an equal claim to the assets and will be repaid in proportion to their claims.

   The pari passu principle can be seen in the context of debt agreements or arrangements, where it ensures that different creditors or bondholders receive equal treatment and enjoy the same level of priority in the repayment of their obligations.

   Furthermore, it can extend to other contractual or legal arrangements, such as partnerships or joint ventures, where all parties involved are treated equally and without preference or discrimination. This principle ensures fairness and equity among all parties by preventing one from obtaining preferential treatment or gaining an advantage over others. Pari passu is a foundational principle in financial and legal frameworks, designed to promote transparency, consistency, and equal treatment among stakeholders.

Common Misspellings for PARI PASSU

• oari passu
• lari passu
• -ari passu
• 0ari passu
• pzri passu
• psri passu
• pwri passu
• pqri passu
• paei passu
• padi passu
• pafi passu
• pati passu
• pa5i passu
• pa4i passu
• paru passu
• parj passu
• park passu
• paro passu
• par9 passu
• pari passyu
• pariappassu
• paripasou
• paripassou

Etymology of PARI PASSU

The term "Pari Passu" is of Latin origin. "Pari" means "equal" or "equally" in Latin, while "passu" means "step" or "pace". Together, "Pari Passu" translates to "with equal step" or "with equal footing" when used in legal contexts.