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intrinsic parity

 - 6 dictionary results

par⋅i⋅ty

1  [par-i-tee]
–noun
1. equality, as in amount, status, or character.
2. equivalence; correspondence; similarity; analogy.
3. Finance.
a. equivalence in value in the currency of another country.
b. equivalence in value at a fixed ratio between moneys of different metals.
4. Physics.
a. a property of a wave function, expressed as +1 or −1 and noting the relation of the given function to the function formed when each variable is replaced by its negative, +1 indicating that the functions are identical and −1 that the second function is the negative of the first.
b. Also called intrinsic parity. a number +1 or −1 assigned to each kind of elementary particle in such a way that the product of the parities of the particles in a system of particles multiplied by the parity of the wave function describing the system is unchanged when particles are created or annihilated.
5. a system of regulating prices of farm commodities, usually by government price supports, to provide farmers with the same purchasing power they had in a selected base period.
6. Computers. the condition of the number of items in a set, particularly the number of bits per byte or word, being either even or odd: used as a means for detecting certain errors.
Origin:
1565–75; < LL paritās. See par 1 , -ity
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Word Origin & History

parity 
1572, "equality of rank or status," from 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.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

parity

The state of an option when its premium plus the strike price is equal to the market price of the underlying stock. If Amazon.com stock is selling at $17 per share, an option to buy the stock at $15 would be selling at parity if its premium is $2. See also conversion parity.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Medical Dictionary

Main Entry: par·i·ty
Pronunciation: 'par-&t-E
Function: noun
Inflected Form: plural -ties
1 : the state or factof having borne offspring parity or nulliparity>
2 : the number of times a female has given birth counting multiple births as one and usually includingstillbirths parity were highly correlated> parity greater than 4 and a gravidity greater than 6>—compare GRAVIDITY 2
Merriam-Webster's Medical Dictionary, © 2002 Merriam-Webster, Inc.
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Medical Dictionary

parity par·i·ty (pār'ĭ-tē)
n.
The state of having given birth to an infant or infants.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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