Parity

Summary of Parity

In arbitrage usage, an equivalent value for two currencies; for example, the Bermuda dollar enjoys parity with the U.S. dollar (B$l = U.S.SI).

(Main Author: William J. Miller)

Parity in Election Law

In an electoral context, a principle by which candidate lists must include an equal number of individuals from different groups: men/women, religious and ethnic groups, etc., in order to ensure these groups are equally represented in elected bodies.

Parity in Aging Law

Concept of Parity in the context of Community Health Care and Services for Older Persons, published by the World Health Organization (WHO):Equality or comparability between two things. Parity legislation, usually applicable to mental health conditions like depression or schizophrenia, requires that health insurers adhere to a principle of equal treatment when making decisions regarding mental health benefits, comparable with medical benefits.

Parity in International Trade

Meaning of Parity, according to the Dictionary of International Trade (Global Negotiator): Exchange relationship of a currency to a legally binding reference, i.e., to a specific amount of gold or to other currencies.

Ppp (purchasing Power Parity) (in the Human Development Area)

In this context, Ppp (purchasing Power Parity) means:

a rate of exchange that accounts for price differences across countries, allowing international comparisons of real output and incomes. At the PPP US$ rate (as used in this Report), PPP US has the same purchasing power in the domestic economy as US has in the United States.

Resources

See Also

• Election Law
• Electoral Laws
• Electoral Legislation