The meaning of PARITY is the quality or state of being equal or equivalent. How to use parity in a sentence. Did you know?

Parity is also the ability of farmers to buy things at the same level as during a past time set as a standard and maintained by government price support.

Definition of parity noun from the Oxford Advanced Learner's Dictionary. [uncountable] (formal) the state of being equal, especially the state of having equal pay or status. In many professions women have …

a. The even or odd quality of the number of 1's or 0's in a binary code, often used to determine the integrity of data especially after transmission. b. A parity bit. [French parité, from Old French parite, …

If there is parity between the units of currency of two countries, the exchange rate is such that the units are equal to each other.

There are 15 meanings listed in OED's entry for the noun parity, one of which is labelled obsolete. See ‘Meaning & use’ for definitions, usage, and quotation evidence.

Interest rate parity, in finance, the notion that the differential in interest rates between two countries is equal to the differential between the forward exchange rate and the spot exchange rate

PARITY definition: equality, as in amount, status, or character. See examples of parity used in a sentence.

Dec 11, 2025 · Senses related to classification into two sets. (mathematics, countable) A set with the property of having all of its elements belonging to one of two disjoint subsets, especially a set of …

the struggle for gender/racial/social parity [= (more commonly) equality] Women have fought for parity with men in the workplace. The two currencies are approaching parity for the first time in decades. …