Multiple choice

Directions: Select the most appropriate meaning for the given Latin expression.

Pari passu

  1. differentially

  2. simultaneously

  3. repeatedly

  4. precociously
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Pari passu is a Latin phrase meaning 'with equal step' or 'on equal footing'. In finance and law, it refers to things that move or are treated simultaneously and equally, such as creditors being paid at the same time and rate from the same pool of assets.

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