(priv′ə lij, priv′lij), n., v., -leged, -leg•ing.
- a right, immunity, or benefit enjoyed only by a person beyond the advantages of most:the privileges of the very rich.
- a special right, immunity, or exemption granted to persons in authority or office to free them from certain obligations or liabilities:the privilege of a senator to speak in Congress without danger of a libel suit.
- a grant to an individual, corporation, etc., of a special right or immunity, under certain conditions.
- the principle or condition of enjoying special rights or immunities.
- any of the rights common to all citizens under a modern constitutional government:We enjoy the privileges of a free people.
- an advantage or source of pleasure granted to a person:It's my privilege to be here.
- [Stock Exchange.]an option to buy or sell stock at a stipulated price for a limited period of time, including puts, calls, spreads, and straddles.
- to grant a privilege to.
- to exempt (usually fol. by from).
- to authorize or license (something otherwise forbidden).
Etymology:1125–75; (noun, nominal) Middle English;
1 . Privilege, prerogative refer to a special advantage or right possessed by an individual or group. A privilege is a right or advantage gained by birth, social position, effort, or concession. It can have either legal or personal sanction:the privilege of paying half fare;
earlier privilegie ( Old French privilege) Latin prīvilēgium origin, originally, a law for or against an individual, equivalent. to prīvi- (combining form of prīvus one's own) + lēg- (see legal) + -ium -ium;
(verb, verbal) Middle English privilegen ( Middle French privilegier) Medieval Latin prīvilēgiāre, derivative of prīvilēgium
the privilege of calling whenever one wishes.Prerogative refers to an exclusive right claimed and granted, often officially or legally, on the basis of social status, heritage, sex, etc.:the prerogatives of a king; the prerogatives of management. 4 . license, freedom, liberty.