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1. [countable] a special advantage given to a small group of people, organizations, countries etc:
• The new trade privileges will enhance Vienna's effort to attract US companies.
• The Treasury will allow dealers to bid on government securities, a privilege previously restricted to only 39 firms.
2. [countable, uncountable] LAW a right in law that protects a person, for example by not forcing them to discuss something, or allowing them freedom to say things that would not normally be acceptable; =immunity:• Ms. Backiel asserted the attorney-client privilege and refused to discuss the case.
• Committee members expressed concern that the case could threaten Parliament's traditional privileges.
— privileged adjective :• The information will remain privileged because it is the result of Westinghouse's relationship with its lawyers.
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privileged UK US /ˈprɪvəlɪdʒd/ adjective► having special rights or advantages that only a small number of people have: »Shareholders may have privileged access to important information.
»Those joining the privileged few at the top of the firm have been responsible for some of the company's greatest successes.
be/feel privileged to do/have done sth »I feel privileged to have had such a long and interesting career.
»a privileged position/background/upbringing
Financial and business terms. 2012.