privity
privity definition
priv·ity (priv′i tē)
noun pl. privities -·ties
- 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.
Etymology: ME privete < OFr < L privus, private
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