ShmoopTube

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Finance allah shmoop what is pari pasu No it's not

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the name of aunt thelma's Kaka poodle yet in the

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financial and legal world and in french parry pass Ooh

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means on equal footing to investments Sides of a deal

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or parties are treated equally in a party pasu contract

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It's fair There is no preferential treatment of one side

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over the other will in a bankruptcy creditors are generally

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on equal footing like vendors of miles of thin whoopee

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cushion rubber are treated pari pasu with vendors of that

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powder stuff that makes the rubber not stick to itself

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when it gets shift on a hot day right there

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both vendors they're treated sorry sue each of them having

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the same rights to get repaid the money that they're

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owed No one creditor has a better crack at getting

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his or her money back in a party pasu agreement

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Well the opposite would be something like a preferred stock

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compared with common stock in a bankruptcy or liquidation preferred

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stock it's treated meaningful e better than common That is

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the preferred stock it's paid back fully in its entirety

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before the common gets a dime I eat not carry

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Pasu Think that's unfair Well coin a phrase unfair e

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pasu or something like that And maybe you can be 00:01:25.653 --> [endTime] a legend just like mr

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