See Also: parity(medicine)
Parity value(money)
Parity(money)
parity(dictionary)
Net parity(finance)
Parity(finance)
parity(1)(dictionary)
parity(2)(dictionary)
parity(encyclopedia)
Net parity(money)

parity(1) (iou)



parity noun1. L16.
[Old & mod. French parite or late Latin paritas, from par: see PAR noun1, -ITY.]
The state or condition of being equal; equality of rank, status, or pay. L16.
parity of esteem the state or condition of (spec. administratively comparable educational institutions) being regarded as equal.
I. D'Israeli With the disciples of parity, a free election..was a first state principle. Jan Morris The Italians demanded parity with the French. Daily Telegraph The principle of parity between the sexes.
Equality of nature, character, or tendency; likeness, similarity, analogy; parallelism. E17.
G. Berkeley There is..no parity of case between Spirit and Matter.
a. The property of an integer of being an even not an odd number. E-M17.
b. Math. & Computing. The property of an integer by virtue of which it is odd or even; the property of employing odd or even numbers. E20.
c. Computing. In full parity bit. A bit that is automatically made 1 or 0 so as to make the parity of the word or set containing it either odd or even, as previously determined. M20.
d. Physics. The property of a spatial wave function that either remains the same or changes sign when all the coordinates change sign; also (with specifying word), a similar property with respect to certain other symmetry operations; the value +1 or 1 of the quantum number (eigenvalue) corresponding to such a property. M20.
Commerce. Equivalence between a commodity's prices in different currencies, between the nominal and the market value of stocks etc., or between different legally specified forms of a national currency. L19.
b. The value of one currency in terms of another or others at an established exchange rate. M20.
PURCHASING power parity.
Economist The pound's previous parity with the dollar. G. Brown Whether to devalue or..try to hold the parity of sterling.
c. An agreed price for agricultural produce relative to other commodities. M20.
d. Equivalence of pay for jobs or categories of work perceived as being comparable or analogous; the practice or system of setting pay levels according to such perceived comparability. M20.
New Yorker The practice of paying policemen and firemen at the same level, known as parity.
Comb.: parity bit: see sense 3c above; parity check Computing a check on the correctness of a set of binary digits that involves ascertaining the parity of a number derived from the set in a predetermined way; parity checking Computing the action of performing a parity check; parity digit Computing = parity bit above.