n. - A peculiar benefit, advantage, or favor; a right or immunity not enjoyed by others or by all; special enjoyment of a good, or exemption from an evil or burden; a prerogative; advantage; franchise.
n. - See Call, Put, Spread, etc.
v. t. - To grant some particular right or exemption to; to invest with a peculiar right or immunity; to authorize; as, to privilege representatives from arrest.
v. t. - To bring or put into a condition of privilege or exemption from evil or danger; to exempt; to deliver.