Parity(redirected from Parity checking)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia, Wikipedia.
Equality in amount or value. Equivalence of prices of farm products to the prices existing at some former date (the base period) or to the general cost of living; equivalence of prices of goods or services in two different markets. The relationship between two currencies such that they are exchangeable for each other at the par or official rate of exchange.