| 单词 | pari passu |
| 释义 | pari passu pari passu(Latin: with equal step) Ranking equally. When a new issue of shares is said to rank pari passu with existing shares, the new shares carry the same dividend rights and winding-up rights as the existing shares. A pari passu loan is one in which the borrower agrees that this new loan will rank equally with other existing debts. |
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