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LSDefine

Simple English definitions for legal terms

pari passu

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A quick definition of pari passu:

Pari passu means that things are done equally and fairly, without giving any preference to one over the other. For example, if a company goes bankrupt, all the creditors will receive their share of the money pari passu, which means they will get an equal amount of money without any preference given to one creditor over the other.

A more thorough explanation:

Pari passu is a Latin term that means "by equal step." It refers to the idea of treating things or people equally and without preference. In financial terms, it means that creditors or investors will receive their share of a company's assets or profits proportionally and without any preference given to one over the other.

For example, if a company goes bankrupt and has to distribute its assets to its creditors, they will receive their share pari passu. This means that each creditor will receive a portion of the assets that is proportional to the amount they are owed, without any preference given to one creditor over another.

Another example is in the case of preferred stock and common stock. If a company issues both types of stock, the dividends paid to each type of stock will be pari passu. This means that the dividends will be paid out proportionally to the number of shares held, without any preference given to one type of stock over the other.

These examples illustrate the concept of pari passu, which is about treating things or people equally and without preference. In financial terms, it ensures that creditors and investors are treated fairly and receive their share of a company's assets or profits in a proportional and unbiased manner.

parimutuel betting | pari ratione

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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