a way or manner of speaking; vernacular; idiom: legal parlance.
speech, especially a formal discussion or debate.
talk; parley.

1570–80; < Anglo-French; see parle, -ance Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
parlance (ˈpɑːləns)
1.  a particular manner of speaking, esp when specialized; idiom: political parlance
2.  archaic any discussion, such as a debate
[C16: from Old French, from parler to talk, via Medieval Latin from Late Latin parabola speech, parable; compare parley]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1579, way of speaking, from Anglo-Fr. (c.1300) and O.Fr. parlance, from O.Fr. parlaunce, from parler "to speak" (see parley).
Online Etymology Dictionary, © 2010 Douglas Harper
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Computing Dictionary

Parlance definition

A concurrent language.
["Parallel Processing Structures: Languages, Schedules, and Performance Results", P.F. Reynolds, PhD Thesis, UT Austin 1979].

The Free On-line Dictionary of Computing, © Denis Howe 2010
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Example sentences
In military parlance it is known as friendly fire, but there is nothing
  friendly about it.
Areas outside of these zones are known in nautical parlance as the high seas.
In the parlance of economists, this is information asymmetry.
In chemical parlance an organic molecule need not necessarily have come from a
  living creature.
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