Definition, Meaning & Synonyms
parities
noun
ˈpærɪtiz
Definition
The state or condition of being equal or equivalent, often used in discussions about economic values or levels.
Examples
- The parities of different currencies can affect international trade.
- In economics, maintaining parities ensures fairness in pricing.
- The parities in the local market have shifted due to inflation.
Meaning
Parities refer to the equality, especially in terms of value, price, or other measurable parameters. In financial contexts, it often describes the equality in the value of different financial instruments or currencies.
Synonyms
- equality
- equivalence
- uniformity
- similarity
- congruence
