1 n-uncount If there is parity between two things, they are equal.
FORMAL Women have yet to achieve wage or occupational parity in many fields...
2 n-var If there is parity between the units of currency of two countries, the exchange rate is such that the units are equal to each other. (TECHNICAL)
The government was ready to let the pound sink to parity with the dollar if necessary.
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"Collins Cobuild English Dictionary for Advanced Learners 4th edition published in 2003 © HarperCollins Publishers 1987, 1995, 2001, 2003 and Collins A-Z Thesaurus 1st edition first published in 1995 © HarperCollins Publishers 1995"