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- DictionaryPar·i·ty/ˈperədē/
noun
- 1. the state or condition of being equal, especially regarding status or pay: "parity of incomes between rural workers and those in industrial occupations"
- 2. (of a number) the fact of being even or odd.
1. : the quality or state of being equal or equivalent. Women have fought for parity with men in the workplace. 2. a. : equivalence of a commodity price expressed in one currency to its price expressed in another. The two currencies are approaching parity for the first time in decades. b.
the state of being equal, especially in relation to pay and position: parity with sb In spite of many advances, women are far from achieving parity with men in many areas of employment. The union is campaigning to win the nurses pay parity with the drivers.
equality, esp. of pay or position: Washington, DC, hopes to achieve political parity with the states. US history. Parity is also the ability of farmers to buy things at the same level as during a past time set as a standard and maintained by government price support.
All things being equal, parity means, basically, equality. It’s used in finance, physics, math, and even sports. When people talk about parity in a football league, for example, they mean the teams are evenly matched.
noun. equality, as in amount, status, or character. equivalence; correspondence; similarity; analogy: She and her brother always seemed like day and night to me, but I'm starting to see a real parity of nature between them. Finance. equivalence in value in the currency of another country.
Define parity. parity synonyms, parity pronunciation, parity translation, English dictionary definition of parity. n. pl. par·i·ties 1. Equality, as in amount, status, or value. 2. Functional equivalence, as in the weaponry or military strength of adversaries: "A problem...
The state or condition of being equal or equivalent in value, status, or importance. "Part-time workers are demanding parity with their full-time colleagues." It refers to a situation where there is a balance or fairness in the distribution of resources, opportunities, or power.
equality, usually relating to the money people earn or their position: The union has also asked for wage parity with similar public-sector workers. Opposite. disparity. (Definition of parity from the Cambridge Learner's Dictionary © Cambridge University Press)
The state or condition of being the same in power, value, rank, etc.; equality. Functional equivalence, as in the weaponry or military strength of adversaries. Resemblance; similarity. Equivalence in value of one currency expressed in terms of another country's currency.
Definitions of 'parity'. 1. If there is parity between two things, they are equal. [formal] [...] 2. If there is parity between the units of currency of two countries, the exchange rate is such that the units are equal to each other. [technical] [...] More.
