Pari-passu
Pari-passu is a Latin term referring to two securities with the same obligations and rights. For a secondary issue of shares with the same rights like existing shares is said to be pari-passu.
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Pari-passu is a Latin term referring to two securities with the same obligations and rights. For a secondary issue of shares with the same rights like existing shares is said to be pari-passu.
| Related Terms: |