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Monday, June 21, 2010

What is "pari passu"?

Learnt a new jargon today - pari passu.

The term pari passu is used in economics to describe equal rate.

Some examples:

  • The new units will rank pari passu in all respects with the existing units.
  • While the inflation is increasing, average expenses has been inflating pari passu.

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