Parallel impedance refers to the total impedance of multiple components connected in parallel in an electrical circuit, which is derived from the individual impedances of those components. In a parallel configuration, the reciprocal of the total impedance is equal to the sum of the reciprocals of each individual impedance, leading to a lower overall impedance than any single component. Understanding parallel impedance is essential for analyzing circuits with multiple pathways for current flow and plays a critical role in determining circuit behavior.