Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Parity

Updated on 2023-08-29T11:56:28.161114Z

Parity exists when two or more things are equal to each other. In finance, if two securities like a convertible bond and a stock have equal value, then the bondholder may choose to convert one into the other. This is known as parity.