PARI PASSU Definition

Bookmark and Share

PARI PASSU is to do or apply something at an equal pace or rate. In finance, it is used in reference to two classes of securities or obligations that have equal entitlement to payment.

Learn new Accounting Terms

MARINE INSURANCE is insurance coverage protecting against loss or damage of goods transported by sea.

INDEFEASIBLE not liable to being annulled or voided or undone, usually in reference to an interest in real property (e.g., an indefeasible ownership interest in a piece of property).

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.