Ⅰ.
equivalent UK US /ɪˈkwɪvələnt/ adjective
► the 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.
Ⅱ.
equivalent UK US /ɪˈkwɪvələnt/ noun [C, usually singular]
► something 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 /ɪˈkwɪvələns/ noun [U] FORMAL
► »
The plan requires national systems to achieve equivalence to World Bank standards.
Financial and business terms. 2012.