Meaning of the word parity in English

What does parity mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

parity

US /ˈper.ə.t̬i/
UK /ˈper.ə.t̬i/

Noun

1.

the state or condition of being equal, especially regarding status or pay.

Example:
parity of incomes between rural workers and those in industrial occupations
2.

(of a number) the fact of being even or odd.

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