parity
noun/ˈpærəti/
/ˈpærəti/
(plural parities)
- [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.
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- [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.
Word Originlate 16th cent.: from late Latin paritas, from par ‘equal’.
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parity