Top definition
When the exchange rate of your currency with another (generally U.S. Dollar) has reached a point where it is at or above parity, taking into account the exchange fee which PayPal (or a credit institution) collects -- approximately 3%. This is significant when shopping online across the border.
The Canadian dollar's just dipped below PayPal parity! It's only worth $1.011 USD now.
by zeeroid August 08, 2011
Mug icon

The Urban Dictionary Mug

One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.

Buy the mug