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

     

    parity

     noun
    noun
    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 Origin late 16th cent.: from late Latin paritas, from par ‘equal’.
See the Oxford Advanced American Dictionary entry: parity