1. the state or condition of being equal, especially in status, pay, or treatment
2. equivalence in value of a currency expressed in terms of another currency
Usage: economics; finance
3. the number of children previously born to a woman
Usage: medical

Examples

• The company is working toward pay parity between male and female employees.
• Gender parity in leadership positions remains a challenge in many industries.
• The purchasing power parity between the two currencies has shifted significantly.
• Exchange rate parity helps economists compare living standards across countries.
• The patient’s medical history indicated a parity of three.
• Wage parity laws aim to eliminate discrimination in the workplace.
• The treaty established military parity between the two nations.