privity

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

(noun)

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

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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
  1. 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
  1. Knowledge of something private or secret shared between individuals, especially with the implication of approval or consent.
  2. 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

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