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

thug

a man who acts violently, especially to commit a crime

Word of the Day

The way we move (Verbs for walking and running)

by Kate Woodford,
March 25, 2015
​​​ This week we’re looking at interesting ways to describe the way that people move. Most of the verbs that we’ll be considering describe how fast or slow people move. Others describe the attitude or state of mind of the person walking or running. Some describe both. Starting with verbs for walking slowly,

Read More 

crossfit noun

March 23, 2015
high-intensity strength training Two women in strappy dresses discussed how much weight they could snatch

Read More