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Parity has special meanings in such fields as physics, math, medicine, genetics, and marketing. Back when the Soviet Union and the U.S. were opposing superpowers, there was often talk of parity in nuclear weapons between the two sides. We sometimes hear about parity between mental and physical health in insurance coverage, or parity in colleges' funding of men's and women's athletics. But parity may be most common in discussions of currencies. The exchange rate between two national currencies often changes every day, as each drifts higher or lower, and occasionally two similar currencies, such as the euro and the U.S. dollar, will achieve parity, but it rarely lasts long.
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Examples of parity in a Sentence
IEEE Spectrum, 9 Apr. 2024
Gender parity goal imperiled None of this is to say that there hasn’t been real progress in narrowing the gender gap since 2005.
—Jeanne Sahadi, CNN, 5 Apr. 2024
But the goal of full 50/50 male/female parity is still a long way off.
—Scott Roxborough, The Hollywood Reporter, 21 Mar. 2024
Will the trend toward parity, largely due to the transfer portal and NIL, continue unabated?
Which quarterbacks are set to steal the spotlight?
—Jon Wilner, The Mercury News, 23 Feb. 2024
Women's college basketball is a newer sport and has historically had less parity than the men's game.
—Becky Sullivan, NPR, 23 Mar. 2024
Despite EVs reaching cost parity with gas cars by 2027, the average cost of repairs following a major accident could increase by 30 percent within that same time frame.
—José Rodríguez Jr. / Jalopnik, Quartz, 13 Mar. 2024
But even with little of that money distributed to date, America’s electric ecosystem is starting to reach parity between cords and cars.
—Kyle Stock, Fortune, 7 Mar. 2024
But after achieving payment parity between MA and traditional Medicare, the Centers for Medicare & Medicaid Services (CMS) has continued to tighten the screws on MA plans.
—Avik Roy, Forbes, 1 Mar. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'parity.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Parity.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/parity. Accessed 20 Apr. 2024.
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parity
noun
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