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

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.

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

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, …

Definition of parity noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

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.

Parity definition: Equality, as in amount, status, or value.