privilege by Collins

  1. 1) noun, a benefit, immunity, etc, granted under certain conditions
  2. 2) noun, the advantages and immunities enjoyed by a small usually powerful group or class, esp to the disadvantage of others
  3. 3) noun, any of the fundamental rights guaranteed to the citizens of a country by its constitution
  4. 4) noun, a) the right of a lawyer to refuse to divulge information obtained in confidence from a client b) the right claimed by any of certain other functionaries to refuse to divulge information
  5. 5) noun, the rights and immunities enjoyed by members of most legislative bodies, such as freedom of speech, freedom from arrest in civil cases during a session, etc
  6. 6) noun, stock exchange a speculative contract permitting its purchaser to make optional purchases or sales of securities at a specified time over a limited period of time. See also call, put, spread, straddle
  7. 7) verb, to bestow a privilege or privileges upon
  8. 8) verb, to free or exempt

Etymology

C12: from Old French privilēge, from Latin prīvilēgium law relevant to rights of an individual, from prīvus an individual + lēx law


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