pari passu

adv.
At an equal pace; side by side: inflation and interest rates increasing pari passu.

[Latin parī passū : parī, ablative of pār, equal + passū, ablative of passus, step.]

(PAH-ree PAS-soo)

adverb
At an equal rate or rank.

Etymology
Latin pari passu (with equal step)

Usage
"These shares will rank pari passu with all other shares for future dividends and distribution." — National Bank of Bahrain Posts Record Profit; Gulf Daily News (Bahrain); Jan 7, 2007.

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Two securities or obligations having equal rights to payment.

Investopedia Says:
The term is Latin and translates to "without partiality." For example, a secondary issue of shares that carry equal rights with existing shares are said to "rank pari passu."

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[Latin, By an equal progress; equably; ratably; without preference.] Used especially to describe creditors who, in marshalling assets, are entitled to receive out of the same fund without any precedence over each other.

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