Privilege (noun) Definition, Meaning & Examples

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noun
    • a right, immunity, or benefit enjoyed by a particular person or a restricted group of people beyond the advantages of most:Few people have access to the privileges of the very rich.
    • the unearned and mostly unacknowledged societal advantage that a restricted group of people has over another group: white privilege based on skin color;male privilege;children of privilege.
  2. a special right, immunity, or exemption granted to persons in authority or office to free them from certain obligations or liabilities: It's a privilege of a senator to speak in Congress without danger of a libel suit.
  3. a grant to an individual, corporation, etc., of a special right or immunity, under certain conditions.
  4. the principle or condition of enjoying special rights or immunities.
  5. any of the rights common to all citizens under a modern constitutional government: We enjoy the privileges of a free people.
  6. an advantage or source of pleasure granted to a person: It's my privilege to be here.
  7. an option to buy or sell stock at a stipulated price for a limited period of time, including puts, calls, spreads, and straddles.
verb (used with object), priv·i·leged, priv·i·leg·ing.
  1. to grant a privilege to.
  2. to exempt (usually followed by from).
  3. to authorize or license (something otherwise forbidden).
noun
  1. a benefit, immunity, etc, granted under certain conditions
  2. the advantages and immunities enjoyed by a small usually powerful group or class, esp to the disadvantage of others
  3. any of the fundamental rights guaranteed to the citizens of a country by its constitution
    • the right of a lawyer to refuse to divulge information obtained in confidence from a client
    • the right claimed by any of certain other functionaries to refuse to divulge information
  5. 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. a speculative contract permitting its purchaser to make optional purchases or sales of securities at a specified time over a limited period of time
verb (tr)
  1. to bestow a privilege or privileges upon
  2. to free or exempt
Privilege (noun) Definition, Meaning & Examples

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