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pari passu In relation to a statement that newly issued shares rank pari passu with all existing shares, such newly issued share rank equally in every respect with all the other shares of the same class previously issued.
Ãâó: www.bursamalaysia.com/website/education/glossary.h...
pari passu (Latin) Equally and without preference. This term is often used in bankruptcy proceedings where creditors are said to be paid pari passu, or each creditor is paid pro rata in accordance with the amount of his claim.
Ãâó: www.bankruptcybc.ca/resources/dictionary_p-q.htm
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