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 /ˈpær.ə.ti/

Noun

1.

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

Example:
The company aims for wage parity between its male and female employees.
Achieving gender parity in leadership roles is a key goal.
2.

the number of times a woman has given birth

Example:
The patient's medical history indicated a parity of two, meaning she had given birth twice.
High parity can be associated with certain health outcomes.