Definition of parity noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//ˈpærəti//
    ; NAmE NAmE//ˈpærəti//
    (pl. parities) Social justice
    jump to other results
  1. 1[uncountable] parity (with somebody/something) | parity (between A and B) (formal) the state of being equal, especially the state of having equal pay or status Prison officers are demanding pay parity with the police force. In many professions women have yet to achieve anything like parity at the higher levels. See related entries: Social justice
  2. 2[uncountable, countable] (finance) the fact of the units of money of two different countries being equal to achieve parity with the dollar
  3. Word Originlate 16th cent.: from late Latin paritas, from par ‘equal’.
See the Oxford Advanced American Dictionary entry: parity