privity
noun pl. privities
- private or secret knowledge, as shared between persons
- participation in this
- Law a successive relationship to or mutual interest in the same property or rights, established by law or legalized by contract, as between a testator and legatee, lessor and lessee, etc.
See privity in American Heritage Dictionary 4
(prĭvˈĭ-tē)
noun pl. priv·i·ties - Knowledge of something private or secret shared between individuals, especially with the implication of approval or consent.
- Law
a. A relation between parties that is held to be sufficiently close and direct to support a legal claim on behalf of or against another person with whom this relation exists.
b. A successive or mutual interest in or relationship to the same property.
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