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Parity

Definition: Means equality. Definition: [crh] For convertibles, level at which a convertible security's market price equals the aggregateDefinition: > value of the underlying common stock; value/worth of the convertible bond considered only as an <Definition: A HREF="/?rd=equity">equity instrument (Conversion ratio times common price). See: Conversion valDefinition: ue. For international parity, U.S.$ price of a foreign stock's last sale in an overseas market (Local currency stock priDefinition: ce times forex rate times ADR ratio). For listed parity, condition whereby no party has floorDefinition: priority, and matching thus occurs. For options parity, dollar amount by which an option is in the money. See: Definition: Intrinsic value.

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