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parity

B1
noun

Pronunciation

UK

  • /pˈærɪti/

US

  • /ˈpɛrəti/

Description

Parity means a state of being equal or on the same level. Think of balanced scales: when things are in parity, neither side has a clear advantage. The word is often used when talking about fairness, but it also has technical uses in mathematics and computing. In sports, if there is parity in a league, the teams are closely matched and no one team clearly dominates.

You might say there is a lack of gender parity in leadership positions if women are underrepresented. A negotiator might also want parity in a deal, meaning both sides get a fair result. In computing, a parity bit is added to data as a simple way to help detect errors during transmission.

Examples

  1. 1

    Workplace pay

    The company promised pay parity between office staff and warehouse staff by next year.

  2. 2

    Sports results

    The two teams have different budgets, but their results are close to parity.

  3. 3

    School quality

    The new law aims to bring rural schools into parity with schools in the city.

    • Pattern

      bring A into parity with B

      make A equal to B in level, treatment, or quality

  4. 4

    Gender representation

    Women now hold 48 percent of the seats, so the board is near gender parity.

  5. 5

    Currency value

    The euro briefly traded at parity with the dollar.

    • Pattern

      at parity with + currency

      worth the same amount as that currency

  6. 6

    Economic comparison

    Economists often compare living costs using purchasing power parity.

    • Domain

      purchasing power parity

      a way to compare money by what it can buy in each country

See also

nounequality or equivalence in status, amount, value, or conditions

Similar

Shades of meaning

Contrast

Used with (collocations)

  • achieve parity
  • gender parity
  • pay parity
  • price parity

Word family

Explore

  • representation
  • level playing field

Forms and spellings

2 forms open this card.

Main spelling

  • paritynoun

Forms

  • paritiespluralnoun