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Parity  The State Purchasing Power Noun Equal Price

Title parity
Text
Merriam-Webster's Collegiate Dictionary
par·i·ty
I

 \\ˈper-ə-tē, ˈpa-rə-\\ noun 
(plural -ties)
 ETYMOLOGY  Latin paritas, from par equal
 DATE  1608
1. the quality or state of being equal or equivalent
2.
  a. equivalence of a commodity price expressed in one currency to its price expressed in another
  b. equality of purchasing power established by law between different kinds of money at a given ratio
3. an equivalence between farmers' current purchasing power and their purchasing power at a selected base period maintained by government support of agricultural commodity prices
4.
  a. the property of an integer with respect to being odd or even
      3 and 7 have the same parity
  b.
    (1) the state of being odd or even used as the basis of a method of detecting errors in binary-coded data
    (2) parity bit
5. the property of oddness or evenness of a quantum mechanical function
6. the symmetry of behavior in an interaction of a physical entity (as a subatomic particle) with that of its mirror image

II
noun
 ETYMOLOGY  -parous
 DATE  1878
: the state or fact of having borne offspring; also : the number of children previously borne
English Etymology
parity
  1572, "equality of rank or status," from 
M.Fr
http://M.Fr
. parité, from L.L.paritas "equality," from L. adj. par (gen. paris) "equal" (see pair (n.)). Meaning "condition in which adversaries have equal resources" is from 1955, originally in ref. to the U.S.A. and the U.S.S.R.
Oxford Advanced Learner's Dictionary-牛津双解-OALD7
parity
par·ity 5pArEti / noun(pl. -ies)
1. [U] ~ (with sb / sth) ~ (between A and B) (formal) the state of being equal, especially the state of having equal pay or status
   (尤指薪金或地位)平等,相同,对等:
   Prison officers are demanding pay parity with the police force. 
   狱警正要求与警察部队同工同酬。 
2. [U, C] (finance 财) the fact of the units of money of ten different countries being equal
   (两国货币的)平价:
   to achieve parity with the dollar 
   取得与美元的平价 
Webster's Third New International Dictionary, Unabridged
Search result show the entry is found in: purchasing power parity , or parity bit

par·i·ty
I. \ˈparəd.ē, -ətē, -i also ˈper-\ noun
(-es)
Etymology: Latin paritas, from par equal + -itas -ity — more at 
pair
1. : the quality or state of being equal : close equivalence or resemblance : equality of rank, nature, or value : 
likeness
 parity must exist between authority and responsibility — Harold Koontz & Cyril O'Donnell >
2. 
 a. : equivalence of a commodity price expressed in one currency to its price expressed in another
 b. : equality of purchasing power established by law between different kinds of money at a given ratio (as between gold and silver coins of a fixed weight and fineness)
3. : an equivalence between farmers' current purchasing power and their purchasing power at a selected base period maintained by government support of agricultural commodity prices at a level fixed by law : a ratio between agricultural and nonagricultural prices at a specified past time
 parity is the price calculated to give the farmer a fair return in relation to the things he must buy — New York Times >
II. noun
(-es)
Etymology: parous + -ity
: parous condition : number of children previously borne
 < the age and parity of the mother may be a factor — Journal American Medical Association >
III. noun
1. 
 a. : the property of an integer with respect to being odd or even 
  < 3 and 7 have the same parity >
 b. 
  (1) : the state of being odd or even used as the basis of a method of detecting errors in binary-coded data 
  (2) : parity bit herein 
2. : the property of oddness or evenness of a wave function in quantum mechanics 
3. : the symmetry of behavior in an interaction of a physical entity (as a subatomic particle) with that of its mirror image

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