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Parity vs Equity - What's the difference?

parity | equity |

As nouns the difference between parity and equity

is that parity is equality; comparability of strength or intensity while equity is ownership, especially in terms of net monetary value of some business.

parity

English

(wikipedia parity)

Etymology 1

From (etyl)

Noun

  • (uncountable) Equality; comparability of strength or intensity.
  • * 2000 April 26, Microsoft Windows Server 2003 Delta Guide , Pearson Education, unpaged:
    • Altogether, Microsoft claims a 99% feature parity between 32-bit and 64-bit editions.
  • * {{quote-news
    • , year=2011 , date=October 29 , author=Phil McNulty , title=Chelsea 3 - 5 Arsenal , work=BBC Sport citation , page= , passage=For all their frailty at the back, Arsenal possessed genuine menace in attack and they carved through Chelsea with ease to restore parity nine minutes before half-time. Aaron Ramsey's pass was perfection and Gervinho took the unselfish option to set up Van Persie for a tap-in.}}
  • (mathematics, countable) A set with the property of having all of its elements belonging to one of two disjoint subsets, especially a set of integers split in subsets of even'' and ''odd elements.
    • Parity is always preserved in such operations.
  • (mathematics, countable) The classification of an element of a set with parity into one of the two sets.
    • The particles' parities can switch at random.
  • (physics, countable) Symmetry of interactions under spatial inversion.
  • (games, countable) In reversi, the last move within a given sector of the board.
    • Antonyms
    * chirality
    Derived terms
    * brand parity * parity bit

    Etymology 2

    From (etyl) paritas, from

    Noun

    (parities)
  • (medicine, countable) The number of times a woman has given birth.
  • (agriculture, countable) The number of times a sow has farrowed.

    • equity

    English

    (wikipedia equity)

    Alternative forms

    * (archaic)

    Noun

  • value of some business.
  • * {{quote-magazine, date=2013-06-22, volume=407, issue=8841, page=70, magazine=(The Economist)
    • , title= Engineers of a different kind , passage=Private-equity nabobs bristle at being dubbed mere financiers. Piling debt onto companies’ balance-sheets is only a small part of what leveraged buy-outs are about, they insist. Improving the workings of the businesses they take over is just as core to their calling, if not more so. Much of their pleading is public-relations bluster.}}
  • (legal) A legal that deals with remedies other than (l) relief, such as injunctions, divorces and similar actions.
  • * Macaulay
    • Equity had been gradually shaping itself into a refined science which no human faculties could master without long and intense application.
  • (legal) of property minus liens or other (l).
  • (legal) An equitable claim; an equity of redemption.
    • an equity''' to a settlement, or wife's '''equity , etc.
  • * Kent
    • I consider the wife's equity to be too well settled to be shaken.
  • (accounting) Ownership interest in a company as determined by subtracting liabilities from (l).
  • Justice, impartiality or fairness.
  • * Tillotson
    • Christianity secures both the private interests of men and the public peace, enforcing all justice and equity .

    References

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