Parity is a situation where two or more things are equal.(noun)
An example of parity is parity in income, where two or more groups of people earn the same amount of money.
See parity in Webster's New World College Dictionary
noun pl. parities
Origin: Fr parité < L paritas < par, equal: see par
Origin: < L parere, to bear (see -parous) + -ity
See parity in American Heritage Dictionary 4
noun pl. par·i·ties
Origin: French parité
Origin: , from Old French parite
Origin: , from Late Latin paritās
Origin: , from pār, par-, equal; see pair.
Origin: Latin parere, to give birth, bring forth; see perə-1 in Indo-European roots
Origin: + -ity.
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