privity

Privity is defined as a secret between two people, or a close relationship recognized by law.

(noun)

When two people know the family secret, this is an example of a shared privity.
When two people enter into a contract together, this is an example of when they have privity of contract.

See privity in Webster's New World College Dictionary

noun pl. privities

1. private or secret knowledge, as shared between persons
2. 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.

Origin: ME privete < OFr < L privus, private

See privity in American Heritage Dictionary 4

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.

Origin:

Origin: Middle English privete, secrecy, privacy

Origin: , from Old French

Origin: , from Medieval Latin prīvitās

Origin: , from Latin prīvus, single, alone; see per¹ in Indo-European roots

Learn more about privity

privity business definition

privity legal definition

privity in a sentence

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