Definition of privity
1 a : a relationship between persons who successively have a legal interest in the same right or property b : an interest in a transaction, contract, or legal action to which one is not a party arising out of a relationship to one of the parties
2 : private or joint knowledge of a private matter; especially : cognizance implying concurrence
Origin of privity
Middle English privite privacy, secret, from Anglo-French priveté, from Medieval Latin privitat-, privatas, from Latin privus private — more at private
First Known Use: 1523
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