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Pari Passu
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| - | Securities issued with a [[Pari Passu|pari passu]] clause rank equally with existing securities of the same class. Pari passu means 'with equal step' in Latin. | + | Securities issued with a pari passu clause rank equally with existing securities of the same class. Pari passu means 'with equal step' in Latin. |
Revision as of 20:32, 2 June 2009
Securities issued with a pari passu clause rank equally with existing securities of the same class. Pari passu means 'with equal step' in Latin.