Word of the Day Archive
Sunday August 14, 2005

Today's Word | Yesterday's Word | Previous Words | Subscribe for Free | Help

pari passu \PAIR-ee-PASS-oo; PAIR-ih-PASS-oo\ , adverb:
At an equal pace or rate.

Expand the state and [its] destructive capacity necessarily expands too, pari passu.
-- Paul Johnson, Modern Times: The World From the Twenties to the Eighties

Independent hedge funds can sell their holdings in a stock all at once, but if a hedge fund is part of a mutual fund company, it generally must sell pari passu . . . with the company's mutual funds that hold the same stock, constraining flexibility.
-- Geraldine Fabrikant, "Should You Bristle at These Hedges?", New York Times, November 8, 1998

Pari passu literally means "with equal step," from Latin pari, ablative of par, "equal" + passu, ablative of passus, "step."

Dictionary.com Entry and Pronunciation for pari passu

 

AddThis: