parity.

1. Equality of standing, amount, or value between two things.

2. The property of an integer being even or odd.

Use it for

Words that belong together

• pay parity
• purchasing-power parity

On the page

The agreement promised pay parity for equivalent work.

Usage notes

Primary category: economics / business / social science. Forms: Usually uncountable; no ordinary plural in this sense. Legacy lexical fields mirror sense 1 only. Use numbered sense fields for all meanings. Established modern English lexical item. No separate regional spelling or grammatical inflection entry. Writing functions: analysis, evaluation, social science. Commonness: moderately common.