equivalent
adjective
uk/ɪˈkwɪvələnt/ usthe same in amount, price, size, etc.:
The total consumer electronics market is equivalent to approximately $100 for every person on Earth.
equivalent amount/level/price Under the new scheme, companies would agree to pay the pension contributions of their employees, and in return workers would sacrifice an equivalent amount from their salary.
equivalent
noun [ C, usually singular ]
uk/ɪˈkwɪvələnt/ ussomething that is the same amount, price, size, etc. as something else or has the same purpose as something else:
The FSA has spoken to its New York equivalent, the SEC, regarding the takeover.
The price of a barrel of crude oil in the early 1980s went as high as $40 (the equivalent of $80 today).
equivalence
noun [ U ] formal /ɪˈkwɪvələns/
The plan requires national systems to achieve equivalence to World Bank standards.