PARI PASSU: UNDERSTANDING EQUAL FOOTING IN FINANCE AND LAW
Author: Pritisha Mahinta Student at Presidency University, Bangalore KEY TAKEAWAYS INTRODUCTION The term Pari Passu, derived from Latin, translates to “equal footing” or “equal step.” Pari Passu is a Latin legal phrase meaning “with equal step” or “on equal footing”. It is commonly used in loan agreements and other legal contracts to signify that certain […]