Pitch Dictionary by pitch.dog
Recoupment, backend & participation · Specialist

Pari passu

ELI5

A term indicating that particular parties share the same repayment priority proportionally.

Used in conversation

“We need to clarify pari passu before the deal is signed.”

Definition

A term indicating that specified parties share the same repayment priority proportionally.

Here “Pari passu” means: A term indicating that specified parties share the same repayment priority proportionally.

Pitch context

You may encounter “Pari passu” in rights, contracts, finance, distribution & labour conversations or materials.

Why it matters: Explains who controls, pays for, approves, exploits or bears risk around a project.

Caution

Meaning and consequences may change by contract, collective agreement, territory or law. This entry is orientation, not legal advice.

Sources & evidence · 8

Supporting source families. This entry is an editorial synthesis rather than a quotation from one canonical glossary.