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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

Forms and spellings

2 forms open this card.

Main spelling

  • paritynoun

Forms

  • paritiespluralnoun