Definition, Meaning & Synonyms

parity

noun
/ˈparɪti/
Definition
The state or condition of being equal, especially in terms of status or pay.
Examples
  • The committee aimed to achieve gender parity in the workplace.
  • In finance, the term parity is used when two financial instruments have equal value.
  • During the discussion, the speaker emphasized the need for parity in educational opportunities.
Meaning
Parity refers to the quality or state of being equal or equivalent. It is often used in various contexts, including finance, mathematics, and social issues, to discuss equality between two or more entities.
Synonyms
  • Equality
  • Equivalence
  • Balance
  • Uniformity