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• pari passu — A lending term meaning at an equal rate or pace. American Banker Glossary Refers to the equal ranking of securities. Bloomberg Financial Dictionary Occurs when securities with different characteristics ( e.g. shares with different entitlements to …   Financial and business terms

• pari passu — Latin: with equal step Ranking equally. When a new issue of shares is said to rank pari passu with existing shares, the new shares carry the same dividend rights and winding up rights as the existing shares. A pari passu loan is one in which the… …   Big dictionary of business and management

• pari passu — /ˌpæri pæsu:/ adverb a Latin phrase meaning ‘equally’ ● The new shares will rank pari passu with the existing ones …   Dictionary of banking and finance

• Pari-passu — A Latin phrase meaning “equal footing” that describes situations where two or more assets, securities, creditors or obligations are equally managed without any display of preference. An example of pari passu, occurs during bankruptcy… …   Investment dictionary

• pari passu clause — A covenant in a loan agreement in which a borrower promises to ensure that the loan in question will rank pari passu (equally) with its other defined debts …   Accounting dictionary

• pari passu — share and share alike , a term used in several contexts but especially in relation to the rights and ranking of creditors of an insolvent estate; it denotes an entitlement to payment of their debts in shares proportionate to their respective… …   Law dictionary

• Negative pledge — Contract law Part o …   Wikipedia

• Abbot — • A title given to the superior of a community of twelve or more monks Catholic Encyclopedia. Kevin Knight. 2006. Abbot     Abbot     † …   Catholic encyclopedia

• tactics — /tak tiks/, n. 1. (usually used with a sing. v.) the art or science of disposing military or naval forces for battle and maneuvering them in battle. 2. (used with a pl. v.) the maneuvers themselves. 3. (used with a sing. v.) any mode of procedure …   Universalium

• HISTORICAL SURVEY: THE STATE AND ITS ANTECEDENTS (1880–2006) — Introduction It took the new Jewish nation about 70 years to emerge as the State of Israel. The immediate stimulus that initiated the modern return to Zion was the disappointment, in the last quarter of the 19th century, of the expectation that… …   Encyclopedia of Judaism

• alphabet notes — Large loans or stretched senior debt which is divided into different tranches with different maturities, each tranche being identified by a letter of the alphabet: A, B, C and so on. Tranches of senior debt which are repayable after the principal …   Law dictionary