Parity flag
In computer processors the parity flag indicates if the number of set bits is odd or even in the binary representation of the result of the last operation. It is normally a single bit in a processor status register.
For example, assume a machine where a set parity flag indicates even parity. If the result of the last operation were 26 (11010 in binary), the parity flag would be 0 since the number of set bits is odd. Similarly, if the result were 102 (1100110 in binary) then the parity flag would be 1.