New York Times
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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.
Examples of parity in a Sentence
Tim Crowley, MSNBC Newsweek, 25 July 2025
Such a deal would give it parity with Vietnam, which has enjoyed EU market access under the European Union-Vietnam Free Trade Agreement (EVFTA) since 2020.
—Mayu Saini, Sourcing Journal, 24 July 2025
Strengthening the state’s mental health parity law enacted in 2019, SB 10 enables the state to issue fines up to $625,000 if insurance companies do not comply.
—Livi Stanford, Hartford Courant, 23 July 2025
Majorities in both the Democratic and Republican parities and every religious group that was polled also said churches should avoid political endorsements.
—Lauren Costantino
updated July 20, Miami Herald, 20 July 2025
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Cite this Entry
“Parity.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/parity. Accessed 29 Jul. 2025.
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parity
noun
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