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From Longman Dictionary of Contemporary English
Related topics: Currencies
paritypar‧i‧ty /ˈpærəti/ noun [uncountable]  1 EQUALthe state of being equal, especially having equal pay, rights, or power syn equalityparity with Women workers are demanding parity with their male colleagues.2 technicalPEC equality between the units of money from two different countries
Examples from the Corpus
parityThe Soviets' aim was to achieve parity in nuclear capability.The situation has improved substantially since then and girls have achieved parity with boys as far as staying on at school.Middle class blacks in the US have not yet achieved parity with whites in graduate school entries.Wages and prices were converted at parity.Part-time workers are demanding parity with their full-time colleagues.When you have parity of power, that promotes understanding and the realization that all employees are interdependent.Kelly said the caucus is also seeking medical parity between men and women.Some studies they suggest may have failed to detect an effect of parity because they did not concentrate on this risk period.Other policies had tended to limit equality or parity between schools at the same time.However, rates of placenta previa increased markedly with age and with parity when age was controlled.parity withEmployees at NBC want pay parity with their counterparts at TV networks.
From Longman Business Dictionaryparitypar‧i‧ty /ˈpærəti/ noun (plural parities)1[uncountable] the state of being the same as or equal to something elseparity withThe country is hoping to move toward economic parity with (=having the same wealth as) the rest of Europe.The price cuts bring the company’s prices into parity with those charged by AT&T. product parity2[uncountable]COMPUTING a system for finding mistakes when information is sent from one computer or anotherParity is used in many hardware applications where detecting an error is helpful.3[uncountable]FINANCE when one unit of a currency or COMMODITY (=oil, metal, farm product etc) is worth the same as one unit of anotherPlatinum prices could decline further, perhaps reaching parity with gold. swap parity4[countable]ECONOMICS a figure representing what a particular currency is worth in another currency at a particular timeOne of the parities they will be checking is the dollar/yen rate. fixed parity purchasing power parity
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