Pari Passu
Pari-passu is a Latin term that means “on equal footing” or “moving together.” It’s a widely used legal term that has applications in corporate finance and personal finance that indicates fairness in the distribution of something. The term is used in equity shares, insolvency, and inheritance.
This glossary provides an overview of some key legal terms for startups. It's essential to consult with a legal professional to ensure a comprehensive understanding of these terms and their implications for your specific situation.