pari passu

SoccerEconomist

New Member
American/Texan English
Hi,

What is the best way to translate "pari passu" as in the following sentence:

For purposes of distributing the assets of the Partnership upon termination, the General Partner shall be entitled to a return, on a pari passu basis with the Limited Partners, of the amount standing to its credit in its Capital Account.

Investopedia defines it:

Two securities or obligations having equal rights to payment.

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."

Many thanks.
 
Last edited:
  • charisma_classic

    Senior Member
    English, U.S.A.
    Latin terms often remain untranslated. However, I found a few references to "par y pasu".

    What is your complete sentence? The context can help us to determine the best options.
     
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