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Legal Definitions - caeteris paribus
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Definition of caeteris paribus
CAETERIS PARIBUS
Other things being equal.
Example: If two cars have the same price, caeteris paribus, the one with better gas mileage is the better choice.
Explanation: This means that when comparing two things, if everything else is the same, the one with the better gas mileage is the better choice. In this example, the price of the cars is the same, so the only thing that matters is the gas mileage.
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Simple Definition
Term: CAETERIS PARIBUS
Definition: Caeteris paribus means "other things being equal" in Latin. It is used to describe a situation where all other factors are held constant except for the one being studied. For example, if we want to study the effect of temperature on plant growth, we would keep all other factors such as soil type, water, and light constant, and only change the temperature. Caeteris paribus helps us isolate the effect of one variable on a system without interference from other variables.
You win some, you lose some, and some you just bill by the hour.
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