parity
The definition for parity is "Equality." Used in a sentence: Hilda, to avoid squabbles, aimed for parity in the slices of birthday cake.
placebo
The definition for placebo is "An inactive substance used in medical testing." Used in a sentence: Tom, who had taken the placebo, found that his allergy symptoms did not go away.
plaudits
The definition for plaudits is "Enthusiastic approval." Used in a sentence: Allison's painting met with plaudits from the critics, who had dismissed her earlier work.
retroactive
The definition for retroactive is "effective as of a prior time or condition." Used in a sentence: The retroactive law made even past infractions punishable.
surplus
The definition for surplus is "Excess." Used in a sentence: Trevor decided to freeze the surplus chili for next week's tailgate party.