Related Words

Brand Parity: In the context of advertising, when all products are essentially the same. Contrast with a product' unique selling proposition.

Parity: An error-checking method that utilizes an extra bit that is sent to the receiving device to determine the validity of any given character.

Parity Price: A measurement of the purchasing power of a unit of a particular commodity. Originally, parity was the price per bushel, bale, pound, or hundredweight that would be necessary for a unit of a . . . View Full Definition

Net Parity: Antithesis of gross parity.

Napolean Brandy: The term is related to age and usually means a cognac that is at least 5 years old.

Klipdrift Brandy: South African brandy.

Mental Health Parity Act (MHPA): A federal act which prohibits group health plans that offer mental health benefits from applying more restrictive limits on coverage for mental illness than for physical illness.

Mental Health Parity Act (MHPA) Of 1996: Prohibits group health plans and insurance companies that offer mental health benefits from setting annual or lifetime limits on mental health benefits that are lower than those limits set f . . . View Full Definition

Parity Ratio: The ratio of the prices received index, 1910-14=100, to the prices paid index on a 1910-14=100 base (called the parity index). The parity ratio is a measure of relative price relationships. . . . View Full Definition

Parity Value: Related: Conversion value