pari passu

[pah-ree pahs-soo; English pair-ahy pas-oo, pair-ee]
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British Dictionary definitions for pari passu

pari passu

adverb
  1. usually law with equal speed or progress; equably: often used to refer to the right of creditors to receive assets from the same source without one taking precedence
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for pari passu

Latin, literally "with equal step," from ablative of par "equal" (see par) + passus "pace" (see pace (n.)).

Online Etymology Dictionary, © 2010 Douglas Harper