# parity+of+value

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**Parity bit**— 7 bits of data (number of 1s) 8 bits including parity even odd 0000000 (0) 00000000 10000000 1010001 (3) 11010001 01010001 1101001 (4) 01101001 11101001 1111111 (7) 11111111 …2

**Parity**— Par i*ty, n. [L. paritas, fr. par, paris, equal: cf. F. parit[ e]. See {Pair}, {Peer} an equal.] 1. The quality or condition of being equal or equivalent; a like state or degree; equality; equivalence; close correspondence; analogy; as, parity of …3

**parity**— I noun alikeness, analogy, approximation, balance, close correspondence, coequality, comparability, comparison, correlation, correspondence, equability, equality, equation, equilibrium, equipoise, equivalence, equivalency, identical value,… …4

**parity check**— par i*ty check , n. (Computers) The act or process of testing whether a byte or other data structure has an even or odd number of bits set to the value of 1; it is used primarily to detect errors in data, especially in memory banks or in data… …5

**parity bit**— par i*ty bit , n. (Computers) The bit within a data structure which is assigned a value of 1 or 0 so as to make the parity[7] of the data structure odd or even. Data structures may or may not have parity bits, dpending on whether the system does… …6

**parity**— parity1 [par′ə tē] n. pl. parities [Fr parité < L paritas < par, equal: see PAR1] 1. the state or condition of being the same in power, value, rank, etc.; equality 2. resemblance; similarity 3. equivalence in value of one currency expressed …7

**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).… …8

**Parity of zero**— Zero objects, divided into two equal groups Zero is an even number. In other words, its parity the quality of an integer being even or odd is even. Zero fits the definition of even number : it is an integer multiple of 2, namely 0 × 2. As a… …9

**parity**— parity1 /par i tee/, n. 1. equality, as in amount, status, or character. 2. equivalence; correspondence; similarity; analogy. 3. Finance. a. equivalence in value in the currency of another country. b. equivalence in value at a fixed ratio between …10

**Parity Price**— When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles the price at which a convertible security equals the value of the underlying stock. 2. Options when an option is trading at its… …