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privilege

priv·i·lege [ prívvəlij, prívvlij ]


noun  (plural priv·i·leg·es)
Definition:
 
1. restricted right or benefit: an advantage, right, or benefit that is not available to everyone

2. rights and advantages enjoyed by elite: the rights and advantages enjoyed by a relatively small group of people, usually as a result of wealth or social status
a system founded on privilege

3. special honor: a special treat or honor
It was a privilege to work with you.

4. U.S. confidentiality of communication: the special right to confidentiality of communication between two parties, e.g. a lawyer and client or doctor and patient

5. lawmaker's right to special treatment: the right to or granting of special treatment or benefits such as freedom from prosecution to members of a legislative body

6. U.S. stock option: an option to buy or sell stocks over a period of time



transitive verb  (past and past participle priv·i·leged, present participle priv·i·leg·ing, 3rd person present singular priv·i·leg·es)
Definition:
 
1. give somebody special rights: to grant special rights or benefits to somebody or something

2. grant exemption to somebody: to exempt or release somebody or something from something

[12th century. Via French< Latin privilegium "private law" < privus "single, isolated" + leg- "law"]
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