Pari passu is a Latin term
commonly used in legal documents meaning 'equal in all respects' or 'in the same
degree or proportion'.
For example, if issue of new shares is said to rank pari passu with the existing shares, then the rights associated with both the existing as well as the new shares are exactly the same.
For example, if issue of new shares is said to rank pari passu with the existing shares, then the rights associated with both the existing as well as the new shares are exactly the same.
