Pari Passu in United Kingdom
Pari passu in Legal Latin
Meaning of the latin term “Pari passu” from the University of Kent: ‘With equal step’ – Proportionally, without preference. The principle that where there are competing
claimants, (e.g. in bankruptcy proceedings) assets should be distributed on a pro rata basis, in accordance
with the size of the claim.
Resources
See Also
- Legal Latin Maxims
- Legal Latin Quotes
- Legal Latin Dictionary
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