An example of a privilege is the money to afford an expensive education.
All first-year professors here must teach four courses a term, yet you're only teaching one! What entitled you to such a privilege?
An example of to privilege is for a new manager to get extra perks.
A society based on privilege.
An example of a privilege is the right to join a specific club.
In order to advance racial equality in the United States, what we've got to do is reduce white privilege.
Other Word Forms
Origin of privilege
From American Heritage Dictionary of the English Language, 5th Edition