- privilege priv‧i‧lege [ˈprɪvlɪdʒ] noun1. [countable] a special advantage given to a small group of people, organizations, countries etc:
• The new trade privileges will enhance Vienna's effort to attract US companies.
• The Treasury will allow dealers to bid on government securities, a privilege previously restricted to only 39 firms.2. [countable, uncountable] LAW a right in law that protects a person, for example by not forcing them to discuss something, or allowing them freedom to say things that would not normally be acceptable; =immunity:
• Ms. Backiel asserted the attorney-client privilege and refused to discuss the case.
• Committee members expressed concern that the case could threaten Parliament's traditional privileges.— privileged adjective :
• The information will remain privileged because it is the result of Westinghouse's relationship with its lawyers.
* * *privileged UK US /ˈprɪvəlɪdʒd/ adjective► having special rights or advantages that only a small number of people have: »
Shareholders may have privileged access to important information.»
Those joining the privileged few at the top of the firm have been responsible for some of the company's greatest successes.be/feel privileged to do/have done sth »
I feel privileged to have had such a long and interesting career.»
a privileged position/background/upbringing
Financial and business terms. 2012.