pari
- A term used in finance and law, typically in the phrase 'pari passu,' which means 'on equal footing' or 'equally.' It indicates that two or more parties or obligations have equal rights or claims. adverbThe creditors agreed to be treated pari passu in the bankruptcy proceedings.The bonds were issued pari passu with the existing debt.
- In the context of gambling, 'pari' can refer to a bet or wager, often used in the phrase 'pari-mutuel,' which is a betting system in which all bets of a particular type are placed together in a pool. nounThe horse race used a pari-mutuel betting system to determine the payouts.He placed a pari on the outcome of the football match.