Source : Webster's Revised Unabridged Dictionary (1913)

Neutrality \Neu*tral"i*ty\, n. [Cf. F. neutralit['e].]
   1. The state or quality of being neutral; the condition of
      being unengaged in contests between others; state of
      taking no part on either side; indifference.

            Men who possess a state of neutrality in times of
            public danger, desert the interest of their fellow
            subjects.                             --Addison.

   2. Indifference in quality; a state neither very good nor
      bad. [Obs.] --Donne.

   3. (Chem.) The quality or state of being neutral. See
      {Neutral}, a., 4.

   4. (International Law) The condition of a nation or
      government which refrains from taking part, directly or
      indirectly, in a war between other powers.

   5. Those who are neutral; a combination of neutral powers or
      states.

   {Armed neutrality}, the condition of a neutral power, in time
      of war, which holds itself ready to resist by force any
      aggression of either belligerent.

Source : WordNet®

neutrality
     n 1: nonparticipation in a dispute or war
     2: tolerance attributable to a lack of involvement [syn: {disinterest}]
     3: pH value of 7