parity Definition in the Cambridge English Dictionary Cambridge dictionaries logo

Definition of “parity” - English Dictionary

"parity" in American English

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paritynoun [U]

 us   /ˈpær·ɪ·t̬i/
equality, esp. of ​pay or ​position: Washington, DC, ​hopes to ​achievepolitical parity with the ​states. US history 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 ​governmentpricesupport.
(Definition of parity from the Cambridge Academic Content Dictionary © Cambridge University Press)

(Definition of parity from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"parity" in Business English

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uk   us   /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 ​ parity The peso was ​pegged to the US ​dollar at parity, so that one ​dollarequaled 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 ​legaltender 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.
(Definition of parity from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “parity”
in Chinese (Simplified) (尤指薪水或职位的)同等,平等…
in Turkish eşitlik…
in Russian равенство…
in Chinese (Traditional) (尤指薪水或職位的)同等,平等…
in Polish równość…
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“parity” in Business English

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