parity
n. uncountablen. the state of being equal, especially regarding pay, status, or value. You use this when comparing two groups that should have the same rights or power.
n. the state or condition of being equal, especially regarding status or pay. Often used in economic, political, or technical contexts to describe a balance between two distinct entities.
The workers are fighting for pay parity with their colleagues.
The new law aims to achieve gender parity in the boardroom by requiring a minimum number of female directors.
Economists often monitor purchasing power parity to determine whether a currency is undervalued relative to its actual ability to buy goods in different nations.
From Middle French parité, from Late Latin paritās, from Latin pār (“equal”). Equivalent to pari- + -ty.
From Latin paritas, from pariō (“give birth”).
Often followed by the preposition 'with' or 'between'.
parity of the two currenciesparity between the two currenciesWhen comparing two distinct groups or items, 'between' is the standard preposition used with this noun.