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Definition of: privity
(priv′ə·tē) noun plural ·ties
1. Knowledge shared with another or others regarding a private matter: usually implying consent or concurrence.
2. Law a A mutual or successive relationship to the same rights of property. b A participation in interest. c A relation to another founded on common knowledge.
3. Obs. Privacy; secrecy; a secret. [<OF privité <L privus one's own]
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