1a. A special advantage, immunity, permission, right, or benefit granted to or enjoyed by an individual, class, or caste. See synonyms at right. b. Such an advantage, immunity, or right held as a prerogative of status or rank, and exercised to the exclusion or detriment of others. 2. The principle of granting and maintaining a special right or immunity: a society based on privilege.3.Law The right to privileged communication in a confidential relationship, as between client and attorney, patient and physician, or communicant and priest. 4. An option to buy or sell a stock, including put, call, spread, and straddle.
TRANSITIVE VERB:
Inflected forms: priv·i·leged, priv·i·leg·ing, priv·i·leg·es 1. To grant a privilege to. 2. To free or exempt.
ETYMOLOGY:
Middle English, from Old French, from Latin prvilgium, a law affecting one person : prvus, single, alone; see per1 in Appendix I + lx, lg-, law; see leg- in Appendix I.
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v
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vil
gium, a law affecting one person : pr
