PARITY

1. the equivalent in value of an amount of money expressed in terms of a different currency, at an official rate of exchange. 2. the equalization of prices of goods or securities in two different markets. 3. a level of farm goods prices, maintained by government support, to ensure farmers the same purchasing power they had during a previous period of time known as the base period.

equality, as in amount, status, character. —9th ACC Volume 1 Approved Glossary

equality, as in amount, status or value.equality, as in amount, status or character.equality, as in amount, status, character.similarity or close correspondence with regard to state, position, condition, value, quality, degree, etc.; equality.