Pari Passu

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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