Business / Finance / Parity: For convertibles, level at which a convertible security's market price equals the aggregate value of the underlying common stock; value/worth of the convertible bond considered only as an equity instrument (Conversion ratio times common price). See: Conversion value. For international parity, US$ price of a foreign stock's last sale in an overseas market (Local currency stock price times forex rate times ADR ratio). For listed parity, condition whereby no party has floor priority, and matching thus occurs. For options parity, dollar amount by which an option is in the money. See: Intrinsic value.

Other Words for Parity

Parity Noun Synonyms: equality, equivalence, consistency, uniformity, par, likeness, similarity, analogy, congruity, similitude, conformity, congruence

Parity Price

Business / Agriculture / 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 commodity MORE

Net Parity

Business / Finance / Net Parity: Antithesis of gross parity. MORE

Parity Ratio

Business / Agriculture / 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. It is not MORE