Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • adverb At an equal pace; side by side.

from The Century Dictionary.

  • noun With equal pace or progress; side by side; in complete accord; in law, equally in proportion; without preference; pro rata.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • adjective economics at an equal rate
  • adverb economics at an equal rate

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • adverb used in legal language

Etymologies

from The American Heritage® Dictionary of the English Language, 4th Edition

[Latin parī passū : parī, ablative of pār, equal + passū, ablative of passus, step.]

Examples

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Comments

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  • I learned this from a real estate broker in Manhattan- the brokerage's name is Pari Passu. I'm not sure how "equal step" translates to our stratified market in NYC, but there you have it.

    February 24, 2007

  • "The senior preferred shares will qualify as Tier 1 capital and will rank senior to common stock and pari passu, which is at an equal level in the capital structure, with existing preferred shares, other than preferred shares which by their terms rank junior to any other existing preferred shares."

    - "Treasury Announces TARP Capital Purchase Program Description (press release), U.S Treasury Department, Oct. 14, 2008

    October 15, 2008