Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “parity”

See all translations

parity

noun
 
 
/ˈpærəti/
[U] ECONOMICS, SOCIAL RESPONSIBILITY, WORKPLACE the state of being equal, especially in relation to pay and position: parity with sb In spite of many advances, women are far from achieving parity with men in many areas of employment. The union is campaigning to win the nurses pay parity with the drivers. They are confident that they will reach economic parity with other countries in the next decade.
[U] FINANCE, ECONOMICS a situation in which one unit of a currency has exactly the same value as one unit of another currency: The parity of the currencies has created a serious crisis in the trading figures.at parity The peso was pegged to the US dollar at parity, so that one dollar equaled one peso.
[C] ( plural parities) FINANCE, ECONOMICS a measurement of the value of one unit of currency in comparison with another: The different currencies are all legal tender within each country or bloc, but parities are variable.the parity of sth against sth There was a 4% drop in the parity of the euro against the Swiss franc over the last twelve months. →  See also fixed parity , interest parity , product parity , purchasing power parity
Translations of “parity”
in Chinese (Traditional) (尤指薪水或職位的)同等,平等…
in Russian равенство…
in Turkish eşitlik…
in Chinese (Simplified) (尤指薪水或职位的)同等,平等…
in Polish równość…
(Definition of parity from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of parity?
Add Cambridge dictionaries to your browser to your website

Definitions of “parity” in other dictionaries

Word of the Day

luck

the force that causes things, especially good things, to happen to you by chance and not as a result of your own efforts or abilities

Word of the Day

A certain je ne sais quoi: French words and phrases used in English

by Liz Walter,
January 21, 2015
It is an odd irony that the more sophisticated your use of English is, the more likely you are to use French words and phrases. Or, to be more accurate, ones you know to be French – words such as ballet, au pair, abattoir, fiancé, café, and restaurant are so entrenched in

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More