privity

priv·i·ty

noun \ˈpri-və-tē\

plural priv·i·ties

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