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

parity

noun
 
/ˈpærəti/
 
/ˈpærəti/
(plural parities)
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  1. [uncountable] (formal) the state of being equal, especially the state of having equal pay or status
    • In many professions women have yet to achieve anything like parity at the higher levels.
    • parity with somebody/something Prison officers are demanding pay parity with the police force.
    • parity between A and B There is a lack of parity between men and women in many areas of life.
    Topics Social issuesc2
  2. [uncountable, countable] (finance) the fact of the units of money of two different countries being equal
    • parity with something to achieve parity with the dollar
    • parity between A and B Some are predicting parity between the euro and the dollar within a year.
  3. Word Originlate 16th cent.: from late Latin paritas, from par ‘equal’.
See parity in the Oxford Advanced American DictionarySee parity in the Oxford Learner's Dictionary of Academic English
previously
adverb
 
 
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